On January 1, 2016, Avee, Inc. issued a note with a face value of $83,000 and 8% coupon rate paid semiannually. On January 1, 2019, the note was three years from maturity and had a net book value of $68,200. What was the net gain or loss on the redemption of the note when Avee paid $75,000 to retire the note on January 1, 2019?
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On January 1, 2016, Avee, Inc. issued a note with a face value of $83,000 and 8% coupon rate paid se...
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