A corporation is "calling" $1,000,000 (face value) of bonds, which still have a $50,000 credit balance in the discount/premium account. Call feature price is 102% of par.

A. Was there a gain or a loss on the retirement of these bonds? and how much was it?

B. What call feature price would result in the exact (sizewise) but opposite (gain/loss) outcome to what you gave as answer to question A above?