Current Attempt in Progress

Oriole Equipment Inc. issued $$86$ million in $20-$year bonds to finance the expansion of its school bus manufacturing operations in

Winnipeg. The bonds pay $5\%$ interest semi$-$annually and were issued at $88\mathrm{.}443$ to yield $6\%.$

$($a$1)$

Calculate the amount of cash Oriole received on issuance of the bonds.

Cash received

eTextbook and Media

List of Accounts

Attempts: $0$ of $5$ used

$($a$2)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.