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Calculate the amount of capital funding harper dog pens

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Reference no: EM132552176

Question 1: Harpers Dog Pens with the help of its investment bank recently issued $194.3 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: EM132552176

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