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    caleb5's Avatar
    caleb5 Posts: 1, Reputation: 1
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    #1

    Aug 3, 2010, 07:35 AM
    financial accounting question answer
    Considering that the banker's spread will be 6.5% of the total issue size, and Boyle will have to pay $60,000 out-of-pocket expenses, what is the total issue size necessary to yield $10 million in cash to the company? Use the formula: X-.065X-$60,000=$10,000,000. X is the issue size. Round your answer upward to the nearest $100,000.
    ArcSine's Avatar
    ArcSine Posts: 969, Reputation: 106
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    #2

    Aug 3, 2010, 07:47 AM
    Okay, I did that... now you read this

    https://www.askmehelpdesk.com/financ...-b-u-font.html

    ... and check back in with your stab at the answer.
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