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In 2000, Tiger King Corporation issued $85 million of 8% bonds for $89.7 million. On June 30, 2012, the bonds had a remaining premium of
In 2000, Tiger King Corporation issued $85 million of 8% bonds for $89.7 million. On June 30, 2012, the bonds had a remaining premium of $1.9 million. Tiger King called the bonds on June 30, 2012 at a call price of 104.
What amount of gain or loss would Tiger King record on the early extinguishment of these bonds?
Enter answer in millions (e.g., enter $1,326,000 as "1.326"). Enter a GAIN as a POSITIVE number and a LOSS as NEGATIVE number.
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