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If a company pays off a bond before maturity and the market value is below par, say $980,000 but it was issued at $1 million
If a company pays off a bond before maturity and the market value is below par, say $980,000 but it was issued at $1 million and therefore on its books for $1 million, what are the effects on cash flow/financing, retained earnings, and liabilities?
If a company pays off a bond before maturity and the market value is below par, say $980,000 but it was issued at $1 million and therefore on its books for $1 million, what are the effects on cash flow/financing, retained earnings, and liabilities?
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