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Find the amount of cash paid to bondholders for interest

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Question - 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.

Find the amount of cash paid to bondholders for interest during Year 1?

A. $6,600,000.

B. $5,400,000.

C. $3,600,000.

D. $1,800,000.

Reference no: EM132600370

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