Business, 07.02.2022 16:50 chloesmolinski0909
Grand Energy Corporation (GE) plans to issue bonds to raise $190 million. GE's investment banker will charge 5 percent of the total amount issued to help raise the funds. The market value of each bond at issue time will be $1,000. How many bonds must GE sell to net $190 million after flotation costs? Assume that fractions of bonds cannot be issued. Round your answer to the nearest whole number.
Answers: 1
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Grand Energy Corporation (GE) plans to issue bonds to raise $190 million. GE's investment banker wil...
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