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Answer: were issued at 97 On January 1 year 1, a company issues St. 10 year $400,000 par value bonds that pay annual interest on

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Answer: were issued at 97 On January 1 year 1, a company issues St. 10 year $400,000 par value bonds that pay annual interest on December 31 of every year. The bande Required. Calculate the total borrowing cont financing costs for the company, over the life of the bonds INote in the one toace, write only the number, with no slans or commos. That is your answer is 51.000, white its : 10001

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