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A company has bonds outstanding with a par value of $ 1 0 0 , 0 0 0 . The unamortized discount on these bonds

A company has bonds outstanding with a par value of $

100, 000 .

The unamortized discount on these bonds is $

4, 600 .

The company calls these bonds at a price of $

96, 000

the gain or loss on retirement is:

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