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Your company is planning to make an offer of $67 per share. You applied for low interest loans and will receive the followings: a) 5-years

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Your company is planning to make an offer of $67 per share. You applied for low interest loans and will receive the followings: a) 5-years loan of $3.8 million, zero interest b) 35-years loan of $6 million, 3% interest, while the normal borrowing rate is 6.6%. How much is the interest subsidy worth? Your company is planning to make an offer of $67 per share. You applied for low interest loans and will receive the followings: a) 5-years loan of $3.8 million, zero interest b) 35-years loan of $6 million, 3% interest, while the normal borrowing rate is 6.6%. How much is the interest subsidy worth

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