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Redemption of Bonds Reynolds Corporation issued $77,000 face value bonds at a discount of $2,500. The bonds contain a call price of 103. Reynolds decides

Redemption of Bonds

Reynolds Corporation issued $77,000 face value bonds at a discount of $2,500. The bonds contain a call price of 103. Reynolds decides to redeem the bonds early when the unamortized discount is $1,750.

Required:

The redemption price would be $ compared to the carrying value of $

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