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Because of changing market conditions, a corporation decided to redeem one half of its $ 3 0 0 , 0 0 0 bonds prior to

Because of changing market conditions, a corporation decided to redeem one half of its $300,000 bonds prior to maturity. The bonds had been issued at a discount and the balance in the discount account at the time of redemption was $15,000. The corporations bond certificate indicated that the bonds could be retired early at 103. The retirement of bonds would result in a loss or gain of what amount?

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