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Sunland Company issued $700000 of 8%, 5-year bonds at 106, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the
Sunland Company issued $700000 of 8%, 5-year bonds at 106, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds?
$322000
$238000
$196000
$280000
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