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Category > Business & Finance Posted 06 Jun 2017 My Price 3.00

Wonder World Widgets (WWW) needs to raise $75 million in debt

 

Wonder World Widgets (WWW) needs to raise $75 million in debt. To issue the debt, WWW must pay its underwriter a fee equal to 3 percent of the issue. The company estimates that other expenses associated with the issue will total $450,000. If the face value of each bond is $1,000, how many bonds must be issued to net the needed $75 million? Assume that the firm cannot issue a fraction of a bond—only "whole bonds" can be issued.

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 06 Jun 2017 06:06 PM My Price 3.00

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file 1496773705-2095509_1_636322597535700479_B.xlsx preview (42 words )
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