Multiple Choice
Just Add Water, Inc., with the help of its investment bank recently issued $200,000,000 of new debt. The offer price on the debt was $1,000 per bond and the underwriter's spread was 4 percent of the gross proceeds. What amount of capital funding did Just Add Water raise through this bond issue?
A) $1,000
B) $8,000,000
C) $192,000,000
D) $200,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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