Whipple Corp.just issued 305,000 bonds with a coupon rate of 6.17 percent paid semiannually that mature in 30 years. The bonds have a YTM of 6.61 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.)
Ο S610.00 million
Ο $575.17 million
Ο S536.82 million
Ο $1,104.32 million
Ο $552.16 million
