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(S) possible Your firm is issuing $100 million in straight bonds at par with a coupon rate of 6.0% and paying total fees of

(S) possible Your firm is issuing $100 million in straight bonds at par with a coupon rate of 6.0% and paying total fees of 3.0%. What is the net amount of funds that the debt issue will provide for your firm? Total proceeds from the issuance are $ (Round to the nearest dollar.)

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