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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 $ million in straight bonds at an original issue discount of and a coupon rate of The firm pays fees of 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
A
$ million
B
$ million
C
$ million
D
$ million
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