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Category > Business & Finance Posted 18 Jul 2017 Deadline 18 Jul 2017 My Price 0.00

Homework

Jewe Regal Cars (JRC) must raise $240 million to support operations. To do so, JRC plans to issue new bonds. Investment bankers have informed bankers have informed JRC that the flotation costs will be 4 percent of the total amount issued. If the market value of each bond is $1,000. How many bonds must JRC sell to net $240 million after flotation costs? Assume that fractions of bonds cannot be issued.

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SmartExpert
(118)
Status NEW Posted 27 Jul 2017 03:07 PM My Price 6.00

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