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A firm issues $160 million in straight bonds at par and a coupon rate of 8.5%. The firm pays fees of 2% on the face
A firm issues $160 million in straight bonds at par and a coupon rate of 8.5%. The firm pays fees of 2% on the face value of the bonds. The net amount of funds that the debt issue will provide for the firm is closest to which of the following?
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