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A company has bonds outstanding with a par value of $460,000. The unamortized premium on these bonds is $2,300. The company retired these bonds by

A company has bonds outstanding with a par value of $460,000. The unamortized premium on these bonds is $2,300. The company retired these bonds by buying them on the open market at 98. What is the gain or loss on this retirement? $0 gain or loss

$11,500 gain

$6,900 gain

$11,500 loss

$6,900 loss

i got 6900 gain.

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