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On January 1, 2025, Crane Co. redeemed its 15 -year bonds of $7030000 par value for 101 . They were originally issued on January 1

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On January 1, 2025, Crane Co. redeemed its 15 -year bonds of $7030000 par value for 101 . They were originally issued on January 1 , 2013 at 93 with a maturity date of January 1, 2028. Crane amortizes discounts and premiums using the straight-line method. What amount of loss should Crane recognize on the redemption of these bonds? $94905$168720$0$70300

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