8 On March 31, 2019, Bundy Company retired $10,000,000 of bonds, which have an unamortized premium of $500,000, by paying bondholders $9,850,000. What is the amount of the gain or loss on the retirement of the bonds? Multiple Choice $150,000 loss. $150,000 gain. $650,000 gain. $350,000 loss. Which of the following statements best describes convertible bonds? 14 Multiple Choice They can be turned in for early retirement at the option of the bondholder. They can be converted to common stock at the option of the bondholder. They can be called for early retirement at the option of the issuer. They can be converted to common stock at the option of the issuer