Dumlup$$nar Enterprise issued a loan with a nominal value of $5,000,000$ TL$,6\%$ nominal interest and a $5-$year maturity on January $1,2020.$ Bond principal payment will be made at the end of maturity, and interest payments will be made on December $31$ of each year. If the interest rate in the market on January $1,2020$ is $5\%,$ what is the issuance cost of this expenditure?

Answer rating: 100% (QA)

To calculate the issuance cost of the loan we need to determine the present value of the interest an... View the full answer