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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 $86 million needed to pay bills by issuing new debt. To issue the debt, WW must pay its investment banker a fee equal to 4 percent of the total issue. The company estimates that other expenses associated with the issue will total $976,000. If the face value of each bond is $1,000, how many bonds must be issued so Wilderness receives $86 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 $86 million needed to pay bills by issuing new debt. To issue the debt, WW must pay its investment banker a fee equal to 4 percent of the total issue. The company estimates that other expenses associated with the issue will total $976,000. If the face value of each bond is $1,000, how many bonds must be issued so Wilderness receives $86 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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