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Tiger Corp issued bonds at 9 8 with a $ 1 0 , 0 0 0 , 0 0 0 par value in 2 0

Tiger Corp issued bonds at

98

with a $

10, 000, 000

par value in

2017 .

2022,

Tiger calls the entire issue at

101

and redeems it

.

Immediately prior to the redemption of these bonds, the unamortized discount balance was $

120, 000 .

What is the effect of this transaction?

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