Given a need to raise capital of $$2$ million and attorney costs of $$150,000,$ with an underwriter's spread of $3\%,$ the amount of bond issuance should be:

$$2,216,494\mathrm{.}80$

$$2,150,000$

$$2,061,855\mathrm{.}60$

$$2,000,000$

not sufficent data because the market determines the bond on the day of sale