Cranjet Inc. is issuing 10,000 bonds, and its investment banker has guaranteed a price of $985 per
Question:
a. What is the underwriting spread for this issue?
b. What is the percentage underwriting cost?
c. How much did Cranjet raise?
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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