Weller Co.issued $600,000 of 30-year,8 percent bonds at 106 on one of its semiannual interest dates.The straight-line method of amortization is to be used.What is the total interest cost of the bonds?
A) $1,439,000
B) $1,404,000
C) $1,440,000
D) $1,476,000
Correct Answer:
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