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On January 1, 2021, Swifty Corporation redeemed its 15-year bonds of $7050000 par value for 101. They were originally issued on January 1, 2009 at

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On January 1, 2021, Swifty Corporation redeemed its 15-year bonds of $7050000 par value for 101. They were originally issued on January 1, 2009 at 93 with a maturity date of January 1, 2024. Swifty amortizes discounts and premiums using the straight-line method. What amount of loss should Swifty recognize on the redemption of these bonds (ignore taxes)? $85200 $0 $70500 $169200

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