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Wynnewood Company issues $45 million of 6%, 20-year convertible bonds at 102. What is the selling price of these bonds (i.e., how much money does
Wynnewood Company issues $45 million of 6%, 20-year convertible bonds at 102.
What is the selling price of these bonds (i.e., how much money does Wynnewood receive when issuing the bonds)?
Enter answer in millions (e.g., enter $1,326,000 as "1.326").
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