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Wilderness World ( WW ) plans to raise $ 8 6 million needed to pay bills by issuing new debt. To issue the debt, WW
Wilderness World WW plans to raise $ million needed to pay bills by issuing new debt. To issue the debt, WW must pay its investment banker a fee equal to percent of the total issue. The company estimates that other expenses associated with the issue will total $ If the face value of each bond is $ how many bonds must be issued so Wilderness receives $ million after paying all issuing flotation costs? Assume that the firm cannot issue a fraction of a bond. Round your answer to the nearest whole numberWilderness World WW plans to raise $ million needed to pay bills by issuing new debt. To issue the debt, WW must pay its investment banker a fee equal to percent of the total issue. The company estimates that other expenses associated with the issue will total $ If the face value of each bond is $ how many bonds must be issued so Wilderness receives $ million after paying all issuing flotation costs? Assume that the firm cannot issue a fraction of a bond. Round your answer to the nearest whole number
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