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Weller Co. issued $600,000 of 30-year, 8 percent bonds at 106 on one of its...

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Accounting

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?

$1,439,000

$1,404,000

$1,440,000

$1,476,000

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