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On January 1 year 1, a company issues 6%, 10 year $300,000 par value bonds that pay annual interest on December 31 of every year.

On January 1 year 1, a company issues 6%, 10 year $300,000 par value bonds that pay annual interest on December 31 of every year. The bonds were issued at 103. Required: Calculate the total borrowin...

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