On January 1, 2020, Perkins Incorporated issued 2,000 of its 9%, $1,000 bonds for $2,048,000. Bond issue costs were $12,000. These bonds were to mature on January 1, 2030 but were callable at 103 any time after December 31, 2023. Interest was payable semi-annually on July 1 and January 1. On May 1, 2024, Perkins called all the bonds and retired them with interest. Perkins uses the straight-line method for amortization of bond premiums and discounts. Assuming all previous entries have been properly recorded, Perkins will record the following gain or loss on the bond retirement: a. $211,000
b. $200,000
c. $206,000
d. $201,000
e. none of above

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not