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What is the total cost of borrowing over the life of this bond? Thank you so much in advance! On June 30,2025 , Donald Martin

What is the total cost of borrowing over the life of this bond? Thank you so much in advance!

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On June 30,2025 , Donald Martin Company issued $3,270,000.00 face value of 13%,20-year bonds at $3,516,000.00, a yield of 12%. Martin uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31

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