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Whipple Corp. just issued 285,000 bonds with a coupon rate of 6.05 percent paid semiannually that mature in 30 years. The bonds have a YTM
Whipple Corp. just issued 285,000 bonds with a coupon rate of 6.05 percent paid semiannually that mature in 30 years. The bonds have a YTM of 6.49 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.)
$570.00 million
$515.56 million
$537.04 million
$501.24 million
$1,031.12 million
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