Money & Business
Estimating the cost of equity
...writing down of the face-value of Greek bonds - of €206bn, accompanied by a second bailout package (a new €100 billion loan and a retroactive lowering of the bailout interest rates), was agreed. Investors were asked to write off 53.5% of the face value of the Greek sovereign bonds they were holding. * The International Monetary Fund (IMF) describes itself as an...