A company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2021....
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A company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2021. The bonds had a face value of $200,000. What is the amount of interest the company must pay the bondholders on December 31, 2021?
$11,200
$12,000
$13,200
$10,800
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