The fitness studio inc with the help of its investment bank, Ask an Expert

Finance

The Fitness Studio, Inc., with the help of its investment bank, recently issued $43.185 million of new debt. The offer price (and face value) on the debt was $1,000 per bond and the underwriter's spread was 6 percent of the gross proceeds.

Calculate the amount of capital funding The Fitness Studio raised through this debt offering. (Enter your answer in dollars not in millions.)

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Category:- Basic Finance
Reference No.:- M9792876

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