Question: QUESTION 7 4 points (Ext On April 1, year 1, Cricket Corporation issues $60 million of 12%, 10-year bonds payable at par. Interest on

QUESTION 7 4 points (Ext On April 1, year 1, Cricket Corporation

QUESTION 7 4 points (Ext 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: $6,600,000. $5,400,000 $3,600,000. $1,800,000.

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