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Liberation Sans 29 wrap General BUV Merge & Center $ % 1 00 Conditie Format Investment Banking: Cranjet Inc. is issuing 10,000 bonds and its

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Liberation Sans 29 wrap General BUV Merge & Center $ % 1 00 Conditie Format Investment Banking: Cranjet Inc. is issuing 10,000 bonds and its investment banker has guaranteed a price of $985 per bond. The investment banker sells the entire issue to investors for $10,150,000. What is the underwriting spread for this issue? What is the percentage underwriting cost? How much did Cranjet raise

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