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Your company needs to raise $175 million to support future growth. The investment bank will charge 2.5 percent (floatation) of the total amount issued. In

Your company needs to raise $175 million to support future growth. The investment bank will charge 2.5 percent (floatation) of the total amount issued. In addition, your firm will incur other costs associated with the issue that equal $500,000. The market value of each bond at issue time will be $1,000. How many hands must your company sell? a. 140000 b. 150000 O c. 170000 d. 180000 e. 200000

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