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Smeegle Inc. issued 1,300,000 of 10 year, 9% bonds at 104 on January 1,2020. The bonds pay interest annually. Compute the cost of borrowing. C

Smeegle Inc. issued 1,300,000 of 10 year, 9% bonds at 104 on January 1,2020. The bonds pay interest annually. Compute the cost of borrowing. C 1,248,000 C 1,222,000 c 2,470,000 c 1,118,000

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