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Harper's Dog Pens, Inc. with the help of its investment bank, recently issued $195.3 million of new debt. The offer price on the debt was
Harper's Dog Pens, Inc. with the help of its investment bank, recently issued $195.3 million of new debt. The offer price on the debt was $1,000 per bond and the underwriter's spread was 7 percent of the gross proceeds. Calculate the amount of capital funding Harper's Dog Pens raised through this bond issue. (Enter your answer in dollars not in millions.) Answer is complete but not entirely correct unds received 182,523,400
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