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Question 75

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[The following information applies to the questions displayed below.]
On April 1,year 1,Cricket Corporation issues $60 million of 12%,10-year bonds payable at par.Interest on the bonds is payable semiannually each April 1 and October 1.
-The amount of cash paid to bondholders for interest during Year 1,is:


A) $6,600,000.
B) $5,400,000.
C) $3,600,000.
D) $1,800,000.

Correct Answer:

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