Harper’s Dog Pens, Inc. with the help of its investment bank, recently issued $196.6 million of new debt. The offer price on the debt was $1,000 per bond and the underwriter’s spread was 6 percent of the gross proceeds. Calculate the amount of capital funding Harper’s Dog Pens raised through this bond issue.
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Harper’s Dog Pens, Inc. with the help of its investment bank, recently issued $196.6 million of new...
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