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If a firm sells $600 million (par value) of 25-year bonds to the public for $606 million, the underlying flotation costs are 2.02% in percentage
If a firm sells $600 million (par value) of 25-year bonds to the public for $606 million, the underlying flotation costs are 2.02% in percentage terms. What is the net amount received from the underwriter
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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
