Roxy Internationa is considering retiring a $280 million bond issue sold to the public 15 years ago.The original maturity was 25 years.If the bonds were initially sold at 98,then what is the dollar amount of the unamortized discount that would be accelerated at retirement?
A) $5,824,000
B) $5,600,000
C) $ 224,000
D) $2,240,000
Correct Answer:
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