Question

Assuming no brokerage fees, calculate the amount of cash needed to retire Baldwin's 12.5S2026 bond early....



Assuming no brokerage fees, calculate the amount of cash needed to retire Baldwin's 12.5S2026 bond early.
Select: 1
$14,665,611
$13,765,142

$15,598,251

Baldwin
11.3S2025 $9,502,345 12.4% 91.31 CC
12.5S2026 $14,665,611 13.3% 93.86 CC
12.5S2027 $7,975,862 13.4% 93.06 CC
12.5S2028 $9,473,322 13.5% 92.35 CC
13.4S2029 $14,397,660 14.0% 95.87 CC
13.9S2030 $25,104,361 14.2% 98.04 CC
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Answer #1

We see that the amount of cash needed to retire Baldwin's 12.5S2026 bond early=14665611*93.86%
=13765142.48

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