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Blossom Company has $2960000 of bonds outstanding. The unamortized premium is $42600. If the company redeemed the bonds at 101, what would be the gain

Blossom Company has $2960000 of bonds outstanding. The unamortized premium is $42600. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption? $13000 loss O $13000 gain O $29600 loss O $29600 gain

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