What is effect of this repurchase on the firm pre-tax income

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Question - A software company issued a $900 fixed-coupon 4-year 4% bond at par two years ago. The bond pays interest annually. If the company repurchased the bond for $920.23 after the second interest payment, what is the effect of this repurchase on the firm's pre-tax income?

Reference no: EM133120801

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