Last week, Surety Links Manufacturing (SLM) issued $50 milli…
Last week, Surety Links Manufacturing (SLM) issued $50 million of new bonds to raise funds to support the company’s growth. SLM’s investment banker charged a 7 percent fee on the total amount of the issue to help the company issue the bonds. Other costs associated with the issue equaled $50,000. How much of the $50 million issue does SLM get to keep after paying all issuing costs?
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