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Question 29 Fly Corporation issued a $ 4.000.000. 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 97 and pay interest semiannually,

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Question 29 Fly Corporation issued a $ 4.000.000. 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 97 and pay interest semiannually, on July 1, and January 1 of every year. Not yet answered Required: Calculate the total financing (borrowing) cost for the company. Marked out of (Note: write your answer as a number only, with No dollar signs or commas) 2.00 Flag

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