Business, 13.03.2020 05:05 townselt3861

Welsh Corporation wants to issue debt of $525,000 to invest in a new project. Welsh is required to pay its investment banker 5 percent of the issue's total value. There are no other floatation costs. Compute the amount of debt that the firm must issue to net $525,000 after flotation costs.

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Welsh Corporation wants to issue debt of $525,000 to invest in a new project. Welsh is required to p...

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