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On January 1 , 2 0 2 4 Eagle Corp. issued 5 - year, 1 0 % $ 1 0 0 , 0 0 0

On January 1,2024 Eagle Corp. issued 5-year, 10% $100,000 bonds for 92.79. The bonds have a market rate of 12% at the time of issuance and pay interest annually on December 31st each year. One year later on January 1,2025, Eagle Corp. retires the $100,000 bonds by repurchasing them in the market for $95,000. What is the amount of gain or loss on the retirement of the bonds? (Round to the nearest dollar).O $5,000 gainO $2,210 lossO $1,075 gainO $1,075 loss0 $5,000 loss

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