Looking ahead, there are several factors such as changing interest rates and our projected cash flows that suggest we should consider early bond retirement. If we assume there are no brokerage fees, how much cash is required to retire our 12.252034 bond early? Thank you for looking into this option. Lawrence Lawrence Shift Board Member, Strategy | Andrews Corporation $8,103,010 O $10,300,000 O $9,133,010 ○ $7,795,710 Respond

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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12.2S2035 is worth $10,300,000 with a yield rate of 13.76% and closing price of $88.67

Looking ahead, there are several factors such as changing interest rates and our projected cash flows that suggest we should consider early bond retirement. If we assume
there are no brokerage fees, how much cash is required to retire our 12.252034 bond early?
Thank you for looking into this option.
Lawrence
Lawrence Shift
Board Member, Strategy | Andrews Corporation
$8,103,010
O $10,300,000
O $9,133,010
○ $7,795,710
Respond
Transcribed Image Text:Looking ahead, there are several factors such as changing interest rates and our projected cash flows that suggest we should consider early bond retirement. If we assume there are no brokerage fees, how much cash is required to retire our 12.252034 bond early? Thank you for looking into this option. Lawrence Lawrence Shift Board Member, Strategy | Andrews Corporation $8,103,010 O $10,300,000 O $9,133,010 ○ $7,795,710 Respond
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