Business, 21.12.2021 07:40 Nicoleazaria

34-X-corporation issued 10-year bonds with a par (face) value of $10,000,000 that pay 6% annual interest semiannually. The bonds were issued for $9,600,000. How much will the corporation have to pay to retire the debt on the maturity date? .
$10,000 gain on bond retirement.

b.
$20,000 loss on bond retirement.

c.
$30,000 gain on bond retirement.

d.
$40,000 loss on bond retirement.

e.
$10,000 loss on bond retirement

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34-X-corporation issued 10-year bonds with a par (face) value of $10,000,000 that pay 6% annual inte...