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A firm issues $ 2 7 5 million in straight bonds at an original issue discount of 2 % and a coupon rate of 6

A firm issues $ 275 million in straight bonds at an original issue discount of 2% and a coupon rate of6%. The firm pays fees of 4% on the face value of the bonds. The net amount of funds that the debt issue will provide for the firm is________.
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Part 1
A.
$ 258.5 million
B.
$ 245.58 million
C.
$ 271.43 million
D.
$ 284.35 million

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