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A firm faces direct costs of 8% of the amount of cash raised for new security sales. If $6 million needs to be raised for
A firm faces direct costs of 8% of the amount of cash raised for new security sales. If $6 million needs to be raised for a new project, what is the total dollars of flotation costs?
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
