Question: i want solution for above question in 15 mins I will give like if you give correct answer Butler, Inc. paid $90,000 to retire a

i want solution for above question in 15 mins I will give like if you give correct answer

i want solution for above question in 15 mins I

Butler, Inc. paid $90,000 to retire a note with a face value of $99,600. The note was issued with an 8% coupon rate paid semiannually. The note was three years from maturity and had a net book value of $81,840. What is the net gain or loss on the redemption of the note? Select one: a. $9,600 loss b. $9,600 gain C. $8,160 gain d. $8,160 loss e. None of these are correct

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