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Whipple Corp. just issued 265,000 bonds with a coupon rate of 5.93 percent paid semiannually that mature in 30 years. The bonds have a YTM

Whipple Corp. just issued 265,000 bonds with a coupon rate of 5.93 percent paid semiannually that mature in 30 years. The bonds have a YTM of 6.37 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.)

$479.01 million

$530.00 million

$465.71 million

$958.02 million

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