If a bankers spread is 65 of the total issue size with


If a banker's spread is 6.5% of the total issue size, with $60,000 out-of-pocket exp, what is the total issue size necessary to yield 10 million in cash? Use formula:

X-.065X-60,000=10,000,000

 

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Finance Basics: If a bankers spread is 65 of the total issue size with
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