Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Business & Finance Posted 21 Jul 2017 My Price 3.00

Mom’s Motel Corporation

Mom’s Motel Corporation (MM) plans to issue bonds to raise $175 million that it needs to support future operations. MM’s investment banker will charge 2.5 percent of the total amount issued to help MM raise the funds. In addition, MM will incur other costs associated with the issue that equal $500,000. The market value of each bond at issue time will be $1,000. How many bonds must GM sell to net $175 million after flotation costs? Assume that fractions of bonds cannot be issued.

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Jul 2017 07:07 PM My Price 3.00

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