Question: Walmart is considering issuing bonds. They estimate they will issue bonds similar to a recent bond issue. This bond has a quoted price of 103.8

Walmart is considering issuing bonds. They estimate they will issue bonds similar to a recent bond issue. This bond has a quoted price of 103.8 ; this is the % of $1000. If an underwriter charges 2.2% in flotation charges, what is the Net Proceeds of the bond in $?

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