Brown Co. issued $100 million of its 11% bonds on April 1, 2021 at 90 ($90 million) plus accrued interest. The bonds are dated January 1, 2021 and have an effective interest rate of 12%. Interest is...

Brown Co. issued $100 million of its 11% bonds on April 1, 2021 at 90 ($90 million) plus accrued interest. The bonds are dated January 1, 2021 and have an effective interest rate of 12%. Interest is payable semiannually on June 30 and December 31. What amount did Brown receive from the bond issuance?(Round your final answer to 2 decimal places.)