7. On 6/30/12, a company paid $106,000 to retire a bond before maturity. The company recorded a $6,000 loss as part of 1 point the transaction. Which of the following must be true regarding this transaction? (check all that apply) The market interest rate had decreased since the bond was issued The face value of the bond was $106,000 The face value of the bond was $100,000 The market interest rate had increased since the bond was issued The company paid more than the current fair value of the bond to retire it