Your firm is issuing $102 million in straight bonds at par with a coupon rate of 6.3% and paying total fees of 3.3%. What is the net amount of funds that the debt issue will provide for your firm? $98,634,000 $95,484,000 $96,324,000 $91,398,800

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Your firm is issuing $102 million in straight bonds
at par
with a coupon rate of 6.3% and paying
total fees of 3.3%. What is the net amount of
funds that the debt issue will provide for your
firm?
$98,634,000
$95,484,000
$96,324,000
$91,398,800
Transcribed Image Text:Your firm is issuing $102 million in straight bonds at par with a coupon rate of 6.3% and paying total fees of 3.3%. What is the net amount of funds that the debt issue will provide for your firm? $98,634,000 $95,484,000 $96,324,000 $91,398,800
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