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17. Whipple Corp. just issued 285,000 bonds with a coupon rate of 6.05 percent paid semiannually that mature in 30 years. The bonds have a
17. Whipple Corp. just issued 285,000 bonds with a coupon rate of 6.05 percent paid semiannually that mature in 30 years. The bonds have a YTM of 6.49 percent and have a par value of $2,000. How much money was raised from the sale of the bonds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole dollar amount.)
a. $570.00 million
b.$515.56 million
c.$537.04 million
d.$501.24 million
e.$1,031.12 million
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