Bargain Company has $1,500,000 of bonds outstanding. The unamortized premium is $19,600. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption?

A. $4,600 gain
B. $15,000 loss
C. $4,600 gain
D. $15,000 gain

Ans: C. $4,600 gain

Business

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