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Grand Energy Corporation (GE) plans to issue bonds to raise $282 miliion. GE's investment banker will charge 6 percent of the total amount issued to
Grand Energy Corporation (GE) plans to issue bonds to raise $282 miliion. GE's investment banker will charge 6 percent of the total amount issued to heip raise the funds. The market value of each bond at issue time will be $1,000. How many bonds must GE sell to net $282 million after fiotation costs? Assume that fractions of bonds cannot be iasued. Round yout answer to the nearest whole number: bonds Show how much of the total amount issued will consist of flotation costs and how much GE will receive ater flotation costs are puid. Enter your answers in dollan, For exsimple, a answer of $2 million should be entered as 2,000,000, not 2. Round your answers to the nearest dollat Floation costs: $ Net proceeds: $
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