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ABC Corp is issuing 525 thousand bonds at a price of $1000 each. Their underwriting syndicate charges them 6.65% of the total and a $3.2

ABC Corp is issuing 525 thousand bonds at a price of $1000 each. Their underwriting syndicate charges them 6.65% of the total and a $3.2 million fee. How much does ABC receive from the issue? Enter your answer in millions of dollars.
Selected Answer:

image text in transcribed 114,317,805.06
Correct Answer:

image text in transcribed 486.89 0.1

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