The Total Interest Cost on Forty-Six (46),ten-Year,6 Percent,$1,000 Bonds That

question 30

Multiple Choice

The total interest cost on forty-six (46) ,ten-year,6 percent,$1,000 bonds that are issued at 98 is

• A)$28,520.
• B)$26,680.
• C)$28,060.
• D)$27,600.

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