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The Fitness Studio, Inc. with the help of its investment bank, recently issued $43.205 million of new debt. The offer price (and foce value) on

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The Fitness Studio, Inc. with the help of its investment bank, recently issued $43.205 million of new debt. The offer price (and foce value) on the debt was $1,000 per bond and the underwriter's spread was 4 percent of the gross proceeds. Calculate the amount of capital funding The Fitness Studio raised through this debt offering. (Enter your answer in dollars not in millions.) Funds received

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