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The events related to a company's bond issuance are given below: Issued 5-year bonds with a par value of 7 million euro and a coupon
The events related to a company's bond issuance are given below: Issued 5-year bonds with a par value of 7 million euro and a coupon rate of 6%, payable annually on December 31, on January 1, 2010. . The effective interest rate was 5% The company topurchased its own bonds in the open market transactions on January 1, 2013, when the market rate of interest was 6%. Tho gain reported on the 2013 income statement due to the bond ropurchase will be closest to Select one: . A. 131,669 euro B.130,159 ouro. . C. 0 euro OD 130,099 euro
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