How much did the bank charge ss what percentage is


Spacious Skies is a luxury airliner that serves only the wealthiest clients. Passengers are wined and dined, with each having their own cabin aboard the plane not just a seat. The company recently purchased 2 Airbus 380s, a double-decker jumbo airliner capable of making even the poshest of the posh feel at home in the sky. To finance this giant project, the managers at SS decided to issue bonds. In order to get the $846 million they needed, after flotation costs, they had to issue 900,000 bonds. How much did the bank charge SS? What percentage is flotation costs?

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Financial Management: How much did the bank charge ss what percentage is
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