medium · Private Credit & Debt underwriting-credit-analysis
A $100 million loan is marked at 97 cents on the dollar due to market spread widening. It pays a coupon of 10.50% and is expected to be repaid at par in 3 years.
What is the approximate 'Yield to Takeout'?
- 10.50%
- 11.85%
- 13.50%
- 10.82%
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