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Panda Co. has outstanding $100 million of 5% bonds, due in 7 years, and callable at 104. The bonds were issued at par and are

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Panda Co. has outstanding $100 million of 5% bonds, due in 7 years, and callable at 104. The bonds were issued at par and are selling today at a market price of 92. 29. Refer to the above data. If Panda Co. retires $10 million of these bonds by purchasing them from bondholders at a current market price, the company will report

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