Dipitros paint and wallpaper inc needs to raise 113 million, Financial Management

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Dipitros paint and wallpaper inc needs to raise 113 million

DiPitro's Paint and Wallpaper, Inc., needs to raise $1.13 million to finance plant expansion. In discussions with its investment bank. DiPitro's leams that the bankers recommend a debt issue with gross proceeds of $1,000 per bond and they will charge an underwriter's spread of 6.5 percent of the gross proceeds.

How many bonds will DiPitro's Paint and Wallpaper need to sell in order to receive the $1.13 million it needs?

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Financial Management: Dipitros paint and wallpaper inc needs to raise 113 million

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Financial Management: Dipitros paint and wallpaper inc needs to raise 113 million

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