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Whipple Corp. just issued 235,000 bonds with a coupon rate of 5.75 percent paid semiannually that mature in 20 years. The bonds have a YTM

Whipple Corp. just issued 235,000 bonds with a coupon rate of 5.75 percent paid semiannually that mature in 20 years. The bonds have a YTM of 6.19 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. $428.60 million

b. $470.00 million

c. $446.46 million

d. $416.70 million

e. $857.21 million

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