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The Total Interest Cost on Seventy-Eight,ten-Year,6 Percent,$1,000 Bonds That Are

Question 152

Multiple Choice

The total interest cost on seventy-eight,ten-year,6 percent,$1,000 bonds that are issued at 98 is

A) $48,360.
B) $45,240.
C) $47,580.
D) $46,800.

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