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LowTolerance Ltd. is a Canadian public corporation that manufactures high-precision tools Non-current used by companies in the semiconductor industry. Recently, demand for LowTolerance's liabilities company did not have the cash needed for the expansion to to raise capital, management liabilities company did not have the cash meeded for the expansion, to raise capital, management (30 minutes) at 92.46. The bonds have a stated interest rate of 9%, and pay interest semi-annually on January 31 and July 31 . The company incurred direct costs related to the issue of the bond (e.g., legal and accounting fees and the investment banker's commission) of $280,010. P. Mini-Cases On August 1, 2025, LowTolerance retired 30% of the bonds. At that time the bonds' market price was $99. Required: (Round the numbers in your answers to the nearest dollar.) What were the gross proceeds from the bond issue?
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