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On January 1, 2020, Green Corp. issues $5,000,000 of 5.7% ten-year bonds at 97. The bonds pay interest semiannually. If the bonds remain outstanding until

On January 1, 2020, Green Corp. issues $5,000,000 of 5.7% ten-year bonds at 97. The bonds pay interest semiannually. If the bonds remain outstanding until maturity, what will be the total cost of borrowing over the term of the bonds? Please round your answer to the nearest dollar.

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