QUESTION 2 On April 1, year 1, Cricket Corporation issues $60 million of 12%, 10-year bonds...
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QUESTION 2 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. How would the amount of cash interest payments to bondholders change if the bonds are sold at 102? Increase Decrease Remain the same Vary each year QUESTION 2 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. How would the amount of cash interest payments to bondholders change if the bonds are sold at 102? Increase Decrease Remain the same Vary each year
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