COMPLETE QUESTION Which of the following four companies will have the lowest carrying value on...
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Accounting
COMPLETE QUESTION
Which of the following four companies will have the lowest carrying value on their bonds if they decide to redeem their bonds before the maturity date? Assume each companys bonds have a face value of $15 million and 10% of the premium or discount is unamortized at the time of redemption.
A : Company 3 sold their bonds at 102 and redeemed them at 98.
B : Company 2 sold their bonds at 98 and redeemed them at 99.
C : Company 1 sold their bonds at 94 and redeemed them at 106.
D : Company 4 sold their bonds at 103 and redeemed them at 104.
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