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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

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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 corporation's bond certificate indicated that the bonds could be retired early at 103. The retirement of bonds would result in a
A. loss of $24,000
B. gain of $3,000
C. loss of $4,500
D. loss of $12,000
E. loss of $9,000
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