On January 1, Year 1. a company issues $100.000 of 8% bonds maturing in 10 years when the market rate of interest is 9%. The bonds were issued at a discount. Market interest rates drop to 6% by December 31, Year 2. The company retires these bonds on December 31, Year 2. Which of the following is true? Multiple Choice The bonds can be retired at their carrying value The company will incur a loss The company will incur again No gain or loss will be recorded