ed 31 out of On January 1 year 1, a company issues 7%, 10 year $300,000 par value bonds that pay annual interest on December 31 of every year. The bonds were issued at 104. Required: Calculate the total borrowing cost (financing cost) for the company, over the life of the bonds. (Note: In the answer space, write only the number, with no $ signs or commas. That is. If your answer is $1.000, white it as: 1000). Answer: Previous page Next page