Question: sheridan co issued 700,000 of 5-year,6% bonds at 96 on Jan 1 2027. the bonds pay interest annually. compute the total cost of borrowing

sheridan co issued 700,000 of 5-year,6% bonds at 96 on Jan 1 2027. the bonds pay interest annually.

 

compute the total cost of borrowing for these bonds

 

compute the total cost of borrowing for these bonds,assuming the bonds were issued at 103

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