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Whipple Corp. just issued 280,000 bonds with a coupon rate of 6.02 percent paid semiannually that mature in 25 years. The bonds have a YTM of 6.46 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.)
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Whipple Corp. just issued 280,000 bonds with a coupon rate of 6.02 percent paid semiannually that ma...
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