Amount issued Offered $340 million Issued at a price of 100.00% plus accrued interest (proceeds to company 98.717%) through Citi and JPMorgan. 10.50% per annum payable June 15 and December 15. June 15, 2041 $1,000 Interest Maturity Denomination, face value, or principal a. The ATAM bond was issued on June 1, 2011, at 100.00%. How much would you have to pay to buy one bond delivered on June 15? Don't forget to include accrued interest. Assume a 365-day year. (Do not round intermediate calculations. Enter your answer as a percent of par rounded to 3 decimal places.) Amount to be paid %
Amount issued Offered $340 million Issued at a price of 100.00% plus accrued interest (proceeds to company 98.717%) through Citi and JPMorgan. 10.50% per annum payable June 15 and December 15. June 15, 2041 $1,000 Interest Maturity Denomination, face value, or principal a. The ATAM bond was issued on June 1, 2011, at 100.00%. How much would you have to pay to buy one bond delivered on June 15? Don't forget to include accrued interest. Assume a 365-day year. (Do not round intermediate calculations. Enter your answer as a percent of par rounded to 3 decimal places.) Amount to be paid %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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