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Question 3 The market interest rates have decreased substantially and bonds are retired before maturity at the market value. Not yet answered Points out of 5.00 Flag question Select one: a. It generates an accounting gain as the carrying value of the bond is above the market value. b. It generates an accounting loss as the carrying value of the bond is above the market value c. It generates an accounting loss as the carrying value of the bond is below the market value d. It generates an accounting gain as the carrying value of the bond is below the market value