Question: Do not do any interim rounding. Choose the best answer. Chailbis Co filed with the SEC to offer $95.0 million par value of 20-year bonds

Do not do any interim rounding. Choose the best answer. Chailbis Co filed with the SEC to offer $95.0 million par value of 20-year bonds with a 6.15% coupon. In the time since the memorandum was filed with the agency, interest rates have risen and the investment group underwriting the issue informs Chailbis' CFO the bonds will have to be sold at a yield to maturity of 6.45%. The amountChailbis will raise in the sale of the bonds is closest to:

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