Duchess Corporation, a major hardware manufacturer, is contemplating selling $10 million worth of 20-year, 6% coupon bonds with a par value of $1,000. Flotation costs are 2% or $20. The net proceeds to the firm for each bond is therefore $980 ($1000 $20). What percent of the funds raised does Dutchess get to keep? O 98% O 80% O 100% 0 95%