Question: Problem 1 6 - 0 9 ( Static ) [ LO 1 6 - 1 ] Mr . Jolly received the $ 1 0 0

Problem 16-09(Static)[LO 16-1]
Mr. Jolly received the $100,000 face amount on the redemption of a matured corporate bond.
Required:
How much interest income does he recognize on redemption if he purchased the publicly traded bond through his broker for $93,100?
How much interest income does he recognize on redemption if he purchased the bond from the corporate issuer at its $72,900 original discount price?

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