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A company has bonds outstanding with a par value of $220,000. The unamortized premium on these bonds is $6,380. If the company retired these bonds

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A company has bonds outstanding with a par value of $220,000. The unamortized premium on these bonds is $6,380. If the company retired these bonds at a call price of 99, the gain or loss on this retirement is: Multiple Choice $8,580 gain. $2,200 gain $6,380 gain. $6,380 loss. $2,200 loss

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