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Calculate the amount of capital funding harper

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Reference no: EM132774135

Harper's Dog Pens, Inc. with the help of its investment bank, recently issued $192.2 million of new debt. The offer price on the debt was $1,000 per bond and the underwriter's spread was 5 percent of the gross proceeds.

Calculate the amount of capital funding Harper's Dog Pens raised through this bond issue. (Enter your answer in dollars not in millions.)

Reference no: EM132774135

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