Value Coupon Rate Coupon Amount Call Premium Call Premum Amount Original Bond 5,000,000.00 15% 750,000.00 5% 250,000.00 Total Outflow on refunding =...

Good morning mthawani,You answered this problem for me on the 21 and I been trying to figure out how you got one of the solutions on here. On the PV of inflow you figured (Annuity of 1 Unit (13 %,5 years) which equals 3.517 but I can't figure out how you came to that number. Can you enlighten me please? I attached the file you sent.