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10} Butler, Inc. paid $?0,000 to retire a note with a face value of $83,000. The note was issued with an 8% coupon rate paid

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10} Butler, Inc. paid $?0,000 to retire a note with a face value of $83,000. The note was issued with an 8% coupon rate paid semiannually. The note was three years from maturity and had a net book value of $68,000. What is the net gain or loss on the redemption of the note? Select one

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