Golden$$s is merging with Rosa$$s$.$ Golden$$s has debt with a face value of $$80$ and Rosa$$s has debt with a face value of $$50.$ The premerger values of the firms given two economic states with equal probabilities of occurrence are as follows:

Premerger Values: Stage $1$ Stage $2$ Market Value

Golden$$s

Assets $ $130$ $ $50$ $ $90$

Debt $805065$

Equity $50025$

Rosa$$s

Assets $ $30$ $ $90$ $ $60$

Debt $305040$

Equity $04020$

If the merger provides no synergy, and if Rosa$$s stockholders receive stock in the combined firm in an amount equal to the standalone value of Rosa$$s$,$ what will be the combined gain or loss to the bondholders of these two firms?

Multiple Choice

$$5$

$$25$

$$0$

$$$$5$

$$10$