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A $100,000 bond is redeemed at 99 when it had an unamortized premium equal to $700. Calculate the amount of the gain or loss that

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A $100,000 bond is redeemed at 99 when it had an unamortized premium equal to $700. Calculate the amount of the gain or loss that the company report in its income statement. State whether it is a gain or a loss. Edit View Insert Format Tools Table 12pt Paragraph 2 O Ev V D

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