Whipple Corp. just issued 260,000 bonds with a coupon rate of 5.90 percent paid semiannually that mature in 25 years. The bonds have a YTM of 6.34 percent and have a par value of $2,000. How much money was raised from the sale of the bonds?

Lincoln Par Co. has a bond outstanding with coupon rate of 5.88 percent and semiannual payments. The yield to maturity is 4.5 percent and the bound matures in 23 years . what the market price if the bound has a par value of $2000?