Fly Corporation issued a $ 4.000.000, 8%. 6 yeors convertible bonds on 1/1/2020. The bonds...
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Fly Corporation issued a $ 4.000.000, 8%. 6 yeors convertible bonds on 1/1/2020. The bonds were issued at 97, and pay interest semiannually, on July 1, and January I of every year. Required: Calculate the total tinancing (borrowing) cost for the company. (Note: write your answer as a number only, with No dollar signs or commas)
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