Business, 07.02.2022 19:30, genyjoannerubiera

Wilderness World (WW) plans to raise $93 million needed to pay bills by issuing new debt. To issue the debt, WW must pay its investment banker a fee equal to 2 percent of the total issue. The company estimates that other expenses associated with the issue will total $590,000. If the face value of each bond is $1,000, how many bonds must be issued so Wilderness receives $93 million after paying all issuing (flotation) costs? Assume that the firm cannot issue a fraction of a bond. Round your answer to the nearest whole number.

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Wilderness World (WW) plans to raise $93 million needed to pay bills by issuing new debt. To issue t...