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Butler, Inc. paid $90,000 to retire a note with a face value of $99,600 . The note was issued with an 8% coupon rate paid
Butler, Inc. paid $90,000 to retire a note with a face value of $99,600 . The note was issued with an 8% coupon rate paid semiannually. The note was three years from maturity and had a net book value of $81,840 . What is the net gain or loss on the redemption of the
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