ABC Corp is issuing 221 thousand bonds at a price of $1000 each. Their underwriting syndicate...
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ABC Corp is issuing 221 thousand bonds at a price of $1000 each. Their underwriting syndicate charges them 7.51% of the total and a $2.5 million fee. How much does ABC receive from the issue? Enter your answer in millions of dollars. ABC Corp is issuing 221 thousand bonds at a price of $1000 each. Their underwriting syndicate charges them 7.51% of the total and a $2.5 million fee. How much does ABC receive from the issue? Enter your answer in millions of dollars.
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Number of bonds to be issued 221000 bonds Price per bond 1000 Underwriting charge 751 Amount re... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
Posted Date:
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