medium · Private Credit & Debt documentation-covenants-terms
A mezzanine loan is issued at 97 with a 12% cash coupon and a 5-year maturity.
If the loan is called at year 1 with a 103 call premium (NC-1 protection), what is the total realized yield for that year?
- 18.56%
- 12.37%
- 15.46%
- 21.00%
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