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Assuming no brokerage fees, calculate the calculate the amount of cash needed to needed to retire Baldwin's 11.3s2028 bond early?

Respuesta :

Assuming no brokerage fees, calculate the calculate the amount of cash needed to needed to retire Baldwin will be $10661557.

How to calculate the cash?

From the information given, the retirement amount will be calculated thus:

= Face value × Trade price %

= $11666000 × 91.39%

= $10661557

In conclusion, the amount will be $10661557.

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