Answer:
$211.5 million
Explanation:
The computation of the net amount of funds that the debt issue is as follows
<u>
Particulars Amount
</u>
Face value of Bonds $225,000,000.00
Less Discount (225m × 0.02) -$4,500,000.00
Less fees (225m × 0.04) -$9,000,000.00
Net amount of funds $211,500,000.00
Hence, the net amount of funds that the debt issue is $211.5 million
The same is to be considered
