Super duper auto stores inc needs to raise 144 million to, Ask an Expert

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Super Duper Auto Stores, Inc., needs to raise $144 million to finance its expansion. Its investment bank recommends a debt issue with an offer price of $1,000 a bond and an underwriter’s fee of 4 percent of the gross proceeds. How many bonds will the company need to sell to receive the $144 million it needs?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92265561

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