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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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