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A firm issues $175 milion in straight bonds at an criginat issue discount of 1% and a coupon rate of 6%. The firm pays fees
A firm issues $175 milion in straight bonds at an criginat issue discount of 1% and a coupon rate of 6%. The firm pays fees of 5% on the face value of the bonds. The net amount of funds that the debx issue will provide for the firm is dosest to which of the following? A. $156 milion . 5173 milion c. $181 milion D. $165 milion
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