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Bryce Company has $ 3 , 0 0 0 , 0 0 0 ( face value ) of bonds outstanding. The Company has issued

Bryce Company has $

3, 000, 000 (

face value

)

of bonds outstanding. The Company has issued the bonds at

102 .

The unamortized premium is $

43, 200 .

If the company redeemed the bonds at

101,

what would be the gain or loss on the redemption? Calculate.

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