In 2019, French grocery retailer Carrefour issued bonds as follows. Issue date Issue amount (EM) Annual...
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In 2019, French grocery retailer Carrefour issued bonds as follows. Issue date Issue amount (EM) Annual coupon rate Maturity Issue price May 7, 2019 400 196 May 17, 2027 99.534 a. Determine the annual interest payments. € 4 million b. Determine the effective interest rate. Note: Round percentage to three decimal places (for example, enter 6.656% for 6.6555%). 1.004 * % c. What amount of interest expense does the company report related to these bonds for the fiscal year ended December 31, 2019? Note: Round your answers (in millions) to two decimal places. € $ 2.62 x million In 2019, French grocery retailer Carrefour issued bonds as follows. Issue date Issue amount (EM) Annual coupon rate Maturity Issue price May 7, 2019 400 196 May 17, 2027 99.534 a. Determine the annual interest payments. € 4 million b. Determine the effective interest rate. Note: Round percentage to three decimal places (for example, enter 6.656% for 6.6555%). 1.004 * % c. What amount of interest expense does the company report related to these bonds for the fiscal year ended December 31, 2019? Note: Round your answers (in millions) to two decimal places. € $ 2.62 x million
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a Annual interest payments 400 million b Effective int... View the full answer
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