Calculating Costs of Issuing Debt Harper's Dog Pens, Inc., with the help of its investment bank, recently

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Calculating Costs of Issuing Debt Harper's Dog Pens, Inc., with the help of its investment bank, recently issued $191.5 million of new debt. The offer price on the debt was $1,000 per bond and the underwriter's spread was 5 percent of the gross proceeds. Calculate the amount of capital funding Harper's Dog Pens raised through this bond issue. (LG4)

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Finance Applications And Theory

ISBN: 9780073530673

2nd Edition

Authors: Marcia Cornett, Troy Adair, John Nofsinger

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