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Calculating costs of issuing Debt Tennis Games, Inc. with the help of its Investment bank recently issued $25.40 million of new debt. The offer price

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Calculating costs of issuing Debt Tennis Games, Inc. with the help of its Investment bank recently issued $25.40 million of new debt. The offer price (and face value on the debt was $5,000 per bond and the underwriter's spread was 6 percent of the gross proceeds. What is the amount of capital funding Tennis Games, Inc. raised through this debt offering Multiple Choice O $23 B8 million $152 milion O $25.40 milion $22.36 mon

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