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A corporation issues $200,000 of 5-year, 7% bonds at 97. What is its total cost of borrowing? O $14,000 O $64,000 O $74,000 O $70,000

A corporation issues $200,000 of 5-year, 7% bonds at 97. What is its total cost of borrowing? O $14,000 O $64,000 O $74,000 O $70,000 O $76,000 27 Next

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