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Please answer and explain 12. A corporation issues $300,000 of 10%, 6-year bonds at $312,000. What will be the total interest expense over the life

image text in transcribed Please answer and explain

12. A corporation issues $300,000 of 10%, 6-year bonds at $312,000. What will be the total interest expense over the life of the bonds? a. $168,000 b. $180,000 c. $210,000 d. $192,000 e. $300,000

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