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When $160,000 of 5% annual interest, 10-year bonds are sold at 102.50 (102.50%), what will be the total interest expense on the bonds over the
When $160,000 of 5% annual interest, 10-year bonds are sold at 102.50 (102.50%), what will be the total interest expense on the bonds over the life of the bonds if each bond has a face amount of $1,000?
| $80,000. | ||
| $64,000. | ||
| $59,200. | ||
| $76,000. | ||
| None of the above |
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