Attempt due: Apr 1 Hour, 1 Minu labus uizzes D Question 12 2 pts Hodules Collaborations thice 365 On January 1, 2017, Apple Co, issued $5,000,000, 9% bonds for $4,695,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Apple Co. uses the effective-interest method of amortizing bond discount. If the company redeems this bond at 90 on December 31, 2017, what would be the gain or loss on the redemption? Collaborate Ultra Clicker Sync $185.500 loss 5214 500 gain 5174 500 loss $250 500 Previous Next