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A firm redeemed bonds at 103. The bonds have a face value of $1,000,000, unamortized discount of $15,000, and accrued interest of $20,000. Will the

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A firm redeemed bonds at 103. The bonds have a face value of $1,000,000, unamortized discount of $15,000, and accrued interest of $20,000. Will the firm record a gain or loss on redemption? What is the amount of the gain or loss

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