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What is the amount of cash paid to bondholders for interest

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Problem 1: On April 1, Year 1, Knights Products, Inc. issued at par $25 million of 10%, 10-yea bonds payable. Interest is payable semiannually each April 1 and October 1. What is the amount of cash paid to bondholders for interest during Year 1?

Reference no: EM132721347

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