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Cullumber Company has $3120000 of bonds outstanding. The unamortized premium is $44900. If the company redeemed the bonds at 101, what would be the gain

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Cullumber Company has $3120000 of bonds outstanding. The unamortized premium is $44900. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption? O $31200 gain O $13700 gain O $13700 loss O $31200 loss

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