Louis Internationa is considering retiring a $180 million bond issue sold to the public 15 years ago.The original maturity was 25 years.If the bonds were initially sold at 97,then what is the dollar amount of the unamortized discount that would be accelerated at retirement?
A) $ 216,000
B) $2,160,000
C) $5,400,000
D) $5,616,000
Correct Answer:
Verified
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