In 2020, Stroud-Chan Inc. (SCI) borrowed $50 million by issuing publicly traded bonds. The stated (i.e. coupon) rate on the bonds is 4.00% annually. Interest is paid quarterly and all principal is due at maturity in five years. At the time SCI issued the bonds to investors, the required return (yield) was 3.75% annually. How much cash did SCI actually raise when issuing the bonds (ignoring underwriting costs)? $49.436 million O $41.488 million $50.567 million o $51.034 million