Oriole Inc. is issuing 10,000 bonds, and its investment banker has guaranteed a price of $972...

Oriole Inc. is issuing 10,000 bonds, and its investment banker has guaranteed a price of $972 per bond. If the investment banker sells the entire issue to investors for $10,018,000. (Round percentage underwriting cost to 2 decimal places, e.g. 17.54%.)

What is the underwriting spread for this issue?

What is the percentage underwriting cost?

How much will Oriole raise?

Expert Solution

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jeff jeffy answered 2 years ago

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