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Pursuant to a Type A corporate reorganization, a bondholder exchanged an old $ 2 5 , 0 0 0 face value bond with a basis

Pursuant to a Type A corporate reorganization, a bondholder exchanged an old $25,000 face value bond with a basis of $25,000, for a new bond with a face value of $30,000 and a fair market value of $35,000. What amount of gain would be recognized by the bondholder as a result of the exchange?a.$0b.$5,000c.$5,833d.$10,000

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