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Sheridan Company issued $481,000 of 5year,9% bonds at 97 on January 1,2022 . The bonds pay interest annually. Compute the total cost of borrowing for

Sheridan Company issued $481,000 of 5year,9% bonds at 97 on January 1,2022 . The bonds pay interest annually. Compute the total cost of borrowing for these bonds. Total cost of borrowing

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