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Points UOT 3 DEVU Pantheon Capital, S.A. | Pantheon Capital, SA is raising funds via a medium-term quronote with the following characteristics, how much in dollars will Pantheon receive for each $1,000 note sold? Coupon rate: 9% payable semiannually on June 30 and December 31 Date of issuance February 28, 2011 Maturity December 31, 2013 Note the present value of the cash flows is essentially the face value of the note and that any difference is due to intermediate rounding The value of a note is the total present value of all its future cash flows discounted at the firm's cost of capital The value of the medium-term euronote can be calculated in the following table (Round the cash flows to the nearest cent and the discount factor to four decimal palces) Discount Days Since Previous Payment Date 122 Cumulativo Days from Start 122 Cash Flows Discounted Cash Flows Factor $ 180 180 302 482 $ $ $ Cash Payment (Payment Date) First Coupon (30 June 2011) Second Coupon (31 December 2011) Third Coupon (30 June 2012) Fourth Coupon (31 December 2012) Fifth Coupon (30 June 2013) Sixth and Final Coupon (31 December 2013) Principal Repayment (31 December 2013) Total Present Value 662 5 180 180 62 $ $ 5 842 904 904 S $ 62 $ S $ a Pantheon Capital, S.A. f Pantheon Capital, S.A. is raising funds via a medium-term euronote with the following characteristics, how much in dollars wil Pantheon receive for each $1,000 note sold? e Coupon rate: 9% payable semiannually on June 30 and December 31 Date of issuance: February 28, 2011 Maturity: December 31, 2013 Note: the present value of the cash flows is essentially the face value of the noto and that any difference is due to intermediate rounding, The value of a note is the total prosent value of all its future cash flows discounted at the firm's cost of capital. The value of the medium-term ouronote can be calculated in the following table (Round the cash flows to the nearest cent and the discount factor to four decimal palces) Days Since Previous Payment Date 122 180 Cash Flows Discount Factor Discounted Cash Flows $ Cumulative Days from Start 122 $ 302 $ 482 $ 662 $ 842 $ 904 $ 904 $ 180 $ Cash Payment (Payment Date) First Coupon (30 June 2011) Second Coupon (31 December 2011) Third Coupon (30 June 2012) Fourth Coupon (31 December 2012) Fifth Coupon (30 June 2013) Sixth and Final Coupon (31 December 2013) Principal Repayment (31 December 2013) Total Present Value 180 $ $ 180 62 $ $ 62

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