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3. A bond has a carrying value of $270800 with a par amount of $270000. The call option on the bond is exercised and we

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3. A bond has a carrying value of $270800 with a par amount of $270000. The call option on the bond is exercised and we pay a price of 101 for these bonds. How much gain or loss would be recorded on this retirement of debt? (show calculation) 3. A bond has a carrying value of $270800 with a par amount of $270000. The call option on the bond is exercised and we pay a price of 101 for these bonds. How much gain or loss would be recorded on this retirement of debt? (show calculation)

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