Whipple Corporation just issued 345,000 bonds with a coupon rate of 6.41 percent paid semiannually that mature in 30 years. The bonds have a YTM of 6.85 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 $1,250,980,000 $625,490,000 $608,120,000 $651,553,200 $690,000,000 O O O O O

Whipple Corporation just issued 345,000 bonds with a coupon rate of 6.41 percent paid semiannually that mature in 30 years. The bonds have a YTM of 6.85 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 $1,250,980,000 $625,490,000 $608,120,000 $651,553,200 $690,000,000 O O O O O

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 2EB: Waylan Sisters Inc. issued 3-year bonds with a par value of $100,000 and a 6% annual coupon when the...

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