What is the percentage underwriting cost

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Reference no: EM131813050

Investment banking: Cranjet Inc. is issuing 10,000 bonds, and its investment banker has guaranteed a price of $985 per bond. If the investment banker sell the entire issue to investors for $10,150,00 \:

(a) What is the underwriting spread for this issue?

(b) What is the percentage underwriting cost?

(c) How much will Cranjet raise?

Reference no: EM131813050

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