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July 30, 2014

Homework Help: Math

Posted by Lisa on Friday, March 29, 2013 at 11:10am.

Harper Co. has outstanding $100 million of 5% bonds, due in 7 years, and callable at 102. The bonds were issued at par and are selling today at a market price of 92. If Harper Co. retires $10 million of these bonds by purchasing them from bondholders at current market price, the company will report?

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