I guess this calculation is rather academic as noteholders would make a killing if coupons are paid and AFG remains a going concern.
54% is the additional discount rate required to make the NPV of the coupon payments and principal equal $17. With the reset date in mind the default risk must be being priced even higher by the market.
I guess this calculation is rather academic as noteholders would...
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Last
$1.38 |
Change
0.030(2.23%) |
Mkt cap ! $372.3M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.35 | $357.6K | 261.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3094 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 3284 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |