Assuming Brokerage fees of $6000, calculate the amount of cash needed to retire

Question

Assuming Brokerage fees of $6000, calculate the amount of cash needed to retire Andrew's 12.4S2023 bond early. Select: 1 $5,552,350 $5,827,834 $5,546,350

Andrew's 11.2S2022 $8,637,463 12.1% 92.39 CC 12.4S2023 $5,827,834 13.0% 95.17 CC 11.9S2025 $15,600,633 13.0% 91.80 CC 12.6S2026 $17,795,619 13.3% 94.40 CC 13.2S2027 $34,245,408 13.6% 97.01 CC 13.8S2028 $22,789,858 13.8% 100.00 CC Assuming Brokerage fees of $6000, calculate the amount of cash needed to retire Andrew's 12.4S2023 bond early. Select: 1 $5,552,350 $5,827,834 $5,546,350

Andrew's 11.2S2022 $8,637,463 12.1% 92.39 CC 12.4S2023 $5,827,834 13.0% 95.17 CC 11.9S2025 $15,600,633 13.0% 91.80 CC 12.6S2026 $17,795,619 13.3% 94.40 CC 13.2S2027 $34,245,408 13.6% 97.01 CC 13.8S2028 $22,789,858 13.8% 100.00 CC

Explanation / Answer

Ans is 5552350

5827834*95.17% + 6000

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