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Sheridan Company issued $680000 of 8%, 5-year bonds at 109, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the

Sheridan Company issued $680000 of 8%, 5-year bonds at 109, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds?

$272000

$149600

$210800

$333200

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