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Emma Internationa is considering retiring a $150 millionbond issue sold to the public 10 years ago. The original maturity was 30 years.If the bonds were

Emma Internationa is considering retiring a $150 millionbond issue sold to the public 10 years ago. The original maturity was 30 years.If the bonds were initially sold at 97, then what is the dollar amount of the unamortized discount that would be accelerated at retirement?

a.

$3,000,000

b.

$150,000

c.

$4,500,000

d.

$4,650,000

ANS:A

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