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Case Corporation issues $100,000, 10%, five-year bonds at 96. The total interest expense over the life of the bonds is: Select one: a. $56,000 b.

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Case Corporation issues $100,000, 10%, five-year bonds at 96. The total interest expense over the life of the bonds is: Select one: a. $56,000 b. $44,000 c. $50,000 d. $54,000 O e. $46,000 The correct answer is: $54,000

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