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The total interest cost on forty-six (46), ten-year, 6 percent, $1,000 bonds that are issued at 98 is a. $27,600. b. $28,060. c. $28,520. d.

The total interest cost on forty-six (46), ten-year, 6 percent, $1,000 bonds that are issued at 98 is

a. $27,600.

b. $28,060.

c. $28,520.

d. $26,680.

EXPLAIN

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