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Assuming Brokerage fees of $6000, calculate the amount of cash needed to retire Baldwin's 11.2S2024 bond early?Series# Face Yield Close$ S&P 11.2S2024 $5,675,277 11.6% 96.80 BBB A.) $5,499,668B.) $5,493,668C.) $5,675,277

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Tundexi

Answer:

A. $5,499,668

Explanation:

Amount of cash needed to retire Baldwin's 11.2S2024 bond early = Market value + Brokerage

= ($5675277 * 96.80 /100) +$6000

= $5,493,668.136 + $6000

= $5,499,668.136

= $5,499,668

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