Whipple Corp. just issued 245,000 bonds with a coupon rate of 5.81 percent paid semiannually that mature in 30 years. The bonds have a YTM of 6.25 percent and have a par value of $2,000. How much money was raised from the sale of the bonds? a-$885.02 million b-$490.00 million c-$430.22 million d-$460.95 million e-$442.51 million

Whipple Corp. just issued 245,000 bonds with a coupon rate of 5.81 percent paid semiannually that mature in 30 years. The bonds have a YTM of 6.25 percent and have a par value of $2,000. How much money was raised from the sale of the bonds? a-$885.02 million b-$490.00 million c-$430.22 million d-$460.95 million e-$442.51 million

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 19MC: Gingko Inc. issued bonds with a face value of $100,000, a rate of 7%, and a 10-yearterm for...

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Question

a-$885.02 million

b-$490.00 million

c-$430.22 million

d-$460.95 million

e-$442.51 million

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