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Carla Vista Co. issued $1020000 of 8%, 5-year bonds at 105, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of

Carla Vista Co. issued $1020000 of 8%, 5-year bonds at 105, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds?

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