The Fitness Studio, Inc., with the help of its investment bank, recently issued $43.185 million of new debt. The offer price (and face value) on the debt was $1,000 per bond and the underwriter’s spread was 6 percent of the gross proceeds. Calculate the

The Fitness Studio, Inc., with the help of its investment bank, recently issued $43.185 million of new debt. The offer price (and face value) on the debt was $1,000 per bond and the underwriter’s spread was 6 percent of the gross proceeds. Calculate the