Access the March 23, 2017, filing of the 10-K report of Home Depot for the year ended January 29, 2017,from SEC.gov (ticker: HD). Refer to Home Depot’s balance sheet, including its note 4 (on debt).

You are watching: Why would home depot issue $3.0 billion of its notes for only $2.958 billion?

Required

1. Identify Home Depot’s long-term liabilities and the quantities for those liabilities from Home Depot’s balance sheet at January 29, 2017.

2. Resee Home Depot’s note 4. The note reports that as of January 29, 2017, it had actually $2.947 billion of “5.875% Senior Notes; due December 16, 2036; interemainder payable semiannually on June 16 and also December 16.” These notes have actually a challenge value of $3.0 billion and also were initially issued at $2.958 billion.

a. Why would Home Depot issue $3.0 billion of its notes for only $2.958 billion?

b. How much cash interemainder should Home Depot pay each June 16 and December 16 on these notes?


Balance Sheet Balance sheet is a statement of the financial place of a company that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a details allude of time. A balance sheet is likewise called as a “statement of financial... Face Value Face value is a financial term used to define the nominal or dollar value of a defense, as declared by its issuer. For stocks, the confront value is the original price of the stock, as listed on the certificate. For bonds, it is the amount phelp to the...

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