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Assuming no brokerage fees, calculate the amount of cash needed to retire Baldwin's 11.3S2027 bond...

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Finance

Assuming no brokerage fees, calculate the amount of cash needed to retire Baldwin's 11.3S2027 bond early.

Face Value: $8,475,792

Yield: 12.4%

Close ($): 91.31

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  • $7,739,246

  • $8,475,792

  • -$736,546

Answer & Explanation Solved by verified expert
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