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How much money was raised from the sale of the bonds

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Whipple Corp. just issued 290,000 bonds with a coupon rate of 6.08 percent paid semiannually that mature in 15 years. The bonds have a YTM of 6.52 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.)

Reference no: EM132403344

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