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On January 1, 2010, ABX Company issues $1,000,000 of 7-year, 5% coupon bonds with the yield to maturity of 5.45% The interest is payable annually

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On January 1, 2010, ABX Company issues $1,000,000 of 7-year, 5% coupon bonds with the yield to maturity of 5.45% The interest is payable annually on December 31 On January 1, 2013, the market yield to maturity is 7% ABX Company decides to dorocognize the bonds by paying the market value plus $10,000 Determino the amount of the gain or loss on the bond de-recognition (Assumo no foo is involved. Use +- Signs to express gain or loss, 65.23 gan es +65 23.7523 loss as -7523) Round to the nearest dollar

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