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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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