22) What is the formula used to calculate total cost of borrowing? a. b. C. d. Interest Paid x Life in years Interest Paid x Number of interest Periods Interest Expense x Number of Interest Periods Interest Expense x Life in years 23) The amount of cash that must be paid to retire a bond before its maturity date is referred to as: a. b. C. d. The early retirement cost The cell price The Conversion Price The Call Price 24) Shug Jordan Co recently sold their S 100,000 face value bonds for S 90,000. The stated rate on the bonds was 9% and the market rate was 11%. The bonds have a life of 10 years and interest is paid annually. What is the total amount of interest expense that Shug Jordan Co will incur throughout the life of the bond? a. 110,000 b. 99,000 c. 100,000 d. 120,000 25) Shug Jordan Co had the following account balances: $75,000 60,000 Accounts Receivable Current Liabilities Notes Payable Retained Earnings Contributed Capital 600,000 Calculate Shug Jordan Co's Debt to Equity Ratio a. 0.191 b. 0.675 c. 0.286 d. 0.477