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Harpers Dog Pens, Inc., with the help of its investment bank, recently issued $197.7 million of new debt. The offer price on the debt was

Harpers Dog Pens, Inc., with the help of its investment bank, recently issued $197.7 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.)

Funds Received _________

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