In: Finance
Your firm wishes to raise $50,000,000 by issuing regular coupon bonds. These will have a 10% coupon rate, a 6% YTM, pay annually, and mature in 12 years. What is your firm's total repayment in year 12?
AS NOTHING WAS MENTIONED, NO INTERMEDIATE ROUNDING IS
DONE. ANY CHANGE NEEDED, LET ME KNOW