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Pharoah Company has $1520000 of bonds outstanding. The unamortized premium is $21900. If the company redeemed the bonds at 101, what would be the gain

Pharoah Company has $1520000 of bonds outstanding. The unamortized premium is $21900. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption? $6700 gain $6700 loss $15200 gain 515200 loss

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