You bought a bond 8 years ago for $1,000. It has a $1,200 face value and a nominal annual bond rate of 10%, paid semiannually (so it pays 5% of the face value every 6 months). You'd like to sell it now and get a nominal annual yield of 18%. How much should you sell the bond for?

What is private equity investing? who participates in it and why? how is palamon positioned in the industry? how does private equity investing compare with public market investing? what are the similarities and differences between the two? why is palamon interested in teamsystem? does it fit with palamon’s investment strategy? how much is 51% of teamsystem’s common equity worth? use both a discounted cash flow and a multiple-based valuation to justify your recommendation. what complexities do cross-border deals introduce? what are the specific risks of this deal? what should louis elson recommend to his partners? is it a go or not? if it is a go, what nonprice terms are important? if it’s not a go, what counterproposal would you make?