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  3. a bond issue with a maturity value of $100,000 and

A bond issue with a maturity value of $100,000 and a discount of $4,200 is...

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Accounting

A bond issue with a maturity value of $100,000 and a discount of $4,200 is retired at 102. What is the gain or loss on this transaction?

A. $6,200 gain

B. $4,200 gain

C. $2,000 loss

D. $4,200 loss

E. $6,200 loss

Answer & Explanation Solved by verified expert
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