Amount issued $ 290 million Offered Issued at a price of 98.75% plus accrued interest (proceeds to company 98.717%) through Citi and JPMorgan. Interest 9.25% per annum payable June 15 and December 15. Maturity June 15, 2041 Denomination, face value, or principal $ 1,000 a. The AMAT bond was issued on June 1, 2011, at 98.75%. How much would you have to pay to buy one bond delivered on June 15?

Answer rating: 100% (QA)

To calculate how much you would have to pay to buy one bond delivered on June 15 you need to conside... View the full answer