Capital funding dog pens raised through this bond issue

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Harper’s Dog Pens, Inc., with the help of its investment bank, recently issued $200.5 million 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. Calculate the amount of capital funding Harper’s Dog Pens raised through this bond issue. (Enter your answer in dollars not in millions.)

Reference no: EM131611575

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