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McLennan Corporation issued $ 6 6 0 , 0 0 0 of 6 % 1 0 - year bonds. The bonds are dated and sold
McLennan Corporation issued $ of year bonds. The bonds are dated and sold on January Interest payment dates are January and
July The bonds are issued for $ to yield the market interest rate of
Using the effectiveinterest method, what is the total cash payment for interest for each month period? All amounts rounded to the nearest dollar.
A $
B $
C $
D $
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