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Harper's Dog Pens, Inc. with the help of its investment bank, recently issues $199.1 million of new debt. The offer price on the debt was
Harper's Dog Pens, Inc. with the help of its investment bank, recently issues $199.1 million of new debt. The offer price on the debt was $1,000 per bond and the underwriters spread was 6% of the gross proceeds.
Calculate the amount of capital funding Harper's Dog Pens raised through this bond issue.
Please answer in dollars not in millions.
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