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A company has bonds outstanding with a par value of 100 000 the unamortized discount on these bonds is $5,000. The company retired these bonds

A company has bonds outstanding with a par value of 100 000 the unamortized discount on these bonds is $5,000. The company retired these bonds by buying them on the open market at 92. What is the gain or loss on this retirement?

a. $0 gain or loss

b. $3,000 loss

c. $8,000 gain

d. $8,000 loss

e. $3,000 gain

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