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Business, 16.02.2021 01:30 dailanniiii

Welsh Corporation wants to issue debt of $525,000 to invest in a new project. Welsh is required to pay its investment banker 5 percent of the issue's total value. There are no other floatation costs. Compute the amount of debt that the firm must issue to net $525,000 after flotation costs. a. $525,347 b. $575,886 c. $552,632 d. $498,752 e. $551,257

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