52 seconds. Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Moving to another question will save this response. 16 17 18 19 20 21 22 23 24 25 26 estion 5 Question 5 of 26 ) XYZ Company XYZ Co. issued Four years bonds with face value of ($1000 000) & stated interest rate of 5% Paid Annually. market interest rate Effective interest rate" was 8% If XYZ Co. extinguished the bonds at the end of the first year for reacquisition price(Redeemed price) of 95 XYZ Co. would recognize 2 points Save Answe No Loss or Gain Gain of extinguishment with amount of $22687 Loss of extinguishment with amount of $4332 Loss of extinguishment with amount of $22687 Moving to another question will save this response Question 5 of 26 N XP Ama 40 ENG 12:49 PM 9/3/2020 lenovo DOODLEY 52 seconds. Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Moving to another question will save this response. 16 17 18 19 20 21 22 23 24 25 26 estion 5 Question 5 of 26 ) XYZ Company XYZ Co. issued Four years bonds with face value of ($1000 000) & stated interest rate of 5% Paid Annually. market interest rate Effective interest rate" was 8% If XYZ Co. extinguished the bonds at the end of the first year for reacquisition price(Redeemed price) of 95 XYZ Co. would recognize 2 points Save Answe No Loss or Gain Gain of extinguishment with amount of $22687 Loss of extinguishment with amount of $4332 Loss of extinguishment with amount of $22687 Moving to another question will save this response Question 5 of 26 N XP Ama 40 ENG 12:49 PM 9/3/2020 lenovo DOODLEY