Question: On April 3 0 , one year before maturity, Peter Company retired $ 1 , 5 0 0 , 0 0 0 of its 9
On April one year before maturity, Peter Company retired $ of its bonds payable at the current market price of of the bond face amount, or $$ The bond book value on April is $ reflecting an unamortized discount of $ Bond interest is currently fully paid and recorded up to the date of retirement. What is the gain or loss on retirement of these bonds? Is this gain or loss a real economic gain or loss?
Note: Do not use a negative sign.
The on the retirement of these bonds is $
The resulting gains or losses real economic gains and losses.
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