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Current Attempt in Progress Pharoah Company issued $530,000 of 5-year, 5% bonds at 97 on January 1, 2022. The bonds pay interest annually. (a2) *
Current Attempt in Progress Pharoah Company issued $530,000 of 5-year, 5% bonds at 97 on January 1, 2022. The bonds pay interest annually. (a2) * Your answer is incorrect. Compute the total cost of borrowing for these bonds. Total cost of borrowing $ 248970
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Financial Information Analysis 2e
Authors: Philip ORegan
2nd Edition
0470865725, 978-0470865729
