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Fly Corporation issued a $4,000,000. 8. 6 years convertible bonds on 1/1/2020. The bonds were found at 97 and por Interest semiannually, on July 1.

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Fly Corporation issued a $4,000,000. 8. 6 years convertible bonds on 1/1/2020. The bonds were found at 97 and por Interest semiannually, on July 1. and January 1 of every year, Required: Calculate the total financing (borrowing) cost for the company. (Note: write your answer as a number only, with No dollar signs or commas)

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