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What is the total interest cost of the bonds

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Question - Patton Corporation issued on 12/31/13 $100,000 of 6 year, 12% bonds at 107.732 Interest is paid on semiannual interest dates. Straight line method of amortization is to be used. What is the total interest cost of the bonds?

1] $144,000

2] $79,732

3] $64,268

4] $72,000

Reference no: EM132053967

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