48) A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4800. The company retired these bonds by buying them on the open market at 98. What is the gain or loss on this retirement?

A) $2800 loss. B) $0 gain or loss.

C) $2000 gain. D) $2800 gain.

E) $2000 loss.

62) A company paid $0.85 in cash dividends per share. Its earnings per share is $3.50, and its market price per share is $35.50. Its dividend yield equals:

A) 21.4%. B) 24.2%.

C) 2.4%. D) 2.0%.

E) 9.9%.