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Your firm is issuing $98 million in straight bonds at par with a coupon rate of 5.8% and paying total fees of 2.9%. What
Your firm is issuing $98 million in straight bonds at par with a coupon rate of 5.8% and paying total fees of 2.9%. 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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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
