Good Buy Inc

question 58

Multiple Choice

Good Buy Inc.plans to sell 30,000 bonds each with a face value of $1,000.If all of the bonds eventually sell for $1,050 each and the firm's investment banker receives a commission of 1.50% for every bond sold,what are the net proceeds to the firm from the sale of the bond issue?

• A)$31,500,000
• B)$31,275,000
• C)$31,180,000
• D)$31,027,500

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