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On April 1, year 1. Cricket Corporation issues $42 million of 10%, 10-year bonds payable at par. Interest on the bonds is payabl semiannually each

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On April 1, year 1. Cricket Corporation issues $42 million of 10%, 10-year bonds payable at par. Interest on the bonds is payabl semiannually each April 1 and October 1. The amount of cash paid to bondholders for interest during Year 1, is: Multiple Choice $4,200,000. O $2,100,000 O $1.050,000 $3,150.000

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