Question: Whipple Corporation just issued 255,000 bonds with a coupon rate of 5.87 percent paid semiannually that mature in 20 years. The bonds have a YTM

Whipple Corporation just issued 255,000 bonds with a coupon rate of 5.87 percent paid semiannually that mature in 20 years. The bonds have a YTM of 6.31 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.)

Multiple Choice

$452.39 million

$510.00 million

$484.70 million

$930.63 million

$465.32 million

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