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06-06-2023
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$400 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 11%. How much cash interest does Pamlico pay on March 31, 2022? (Round your answer to 2 decimal places.) Multiple Choice $36.00 million, $22.00 million $44.00 million $18.00 million

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