- 15 -
CD-1 12/26/1978 12/27/1988 150,000,000 9.412 94.671875
GMC A-75 2/25/1975 3/15/2005 98,100,000 8.200 92.437500
GMC B-75 2/25/1975 9/15/2005 63,400,000 8.750 93.125000
GMC A-76 2/25/1976 3/15/2006 70,600,000 8.550 92.593750
GMC B-76 8/25/1976 9/15/2006 75,600,000 8.375 88.000000
GMC A-77 1/25/1977 3/15/2007 77,600,000 8.050 88.937500
GMC B-77 5/25/1977 3/15/2007 94,000,000 8.125 85.875000
GMC C-77 11/25/1977 9/15/2007 108,200,000 8.200 83.468750
GMC A-78 6/1/1978 3/15/2008 186,000,000 8.850 86.250000
GMC B-78 9/1/1978 9/15/2008 98,800,000 9.000 87.218000
GMC C-78 12/4/1978 9/15/2008 98,800,000 9.400 89.656250
GMC A-79 2/1/1979 3/15/2009 114,000,000 9.875 92.125000
GMC B-79 6/4/1979 3/15/2009 114,000,000 10.250 93.875000
GMC C-79 8/2/1979 9/15/2009 114,000,000 10.000 91.937500
1 See supra note 4.
2 The market prices per $100 on Jan. 1, 1985, are based upon petitioner’s
calculations. Respondent’s calculations of the market price per $100 on Jan. 1,
1985, are slightly different. Respondent agrees that this difference is not
significant.
3 This figure represents the outstanding principal on Dec. 31, 1984. Because
Z-2 did not pay interest periodically, the principal amount at maturity will equal
$7 billion.
4 This figure represents the outstanding principal on Dec. 31, 1984. Because
Z-3 did not pay interest periodically, the principal amount at maturity will equal
$250 million.
II. Average Weighted Lives of the Debt Instruments
The average weighted life represents the time it takes for
the average dollar of principal borrowed to be repaid to the
lender. When principal repayment can vary, or when there is a
chance an option will be exercised to retire the security early,
the average weighted life is calculated using certain assumptions
regarding principal payment rate and exercise timing. The
expected remaining average weighted life of each debt instrument
Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 NextLast modified: May 25, 2011