How much money does MEP receive

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Reference no: EM132050913

1. You are considering a 10-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require an effective annual interest rate of 7.1225%, how much should you be willing to pay for the bond? Work Shown without excel

2. The MEP company has issued 5,110,000 new shares. Its investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 4,310,000 shares for $55 per share. It charges MEP $1.80 per share sold.

a. How much money does MEP receive? (Do not round intermediate calculations.) Amount received by MEP $

b. What is the investment bank’s profit? Investment bank’s profit $

c. What is the stock price of MEP? Stock price of MEP.

Reference no: EM132050913

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