Harpers Dog Pens, Inc., with the help of its investment bank, recently issued $192.9 million of new debt. The offer price on the debt was
Harpers Dog Pens, Inc., with the help of its investment bank, recently issued $192.9 million of new debt. The offer price on the debt was $1,000 per bond and the underwriters spread was 4 percent of the gross proceeds. Calculate the amount of capital funding Harpers Dog Pens raised through this bond issue. (Enter your answer in dollars not in millions.)
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Authors: Andrew W. Lo, Shomesh E. Chaudhuri
1st Edition
0691183821, 978-0691183824
