Retiring Debt Early Smith & Company issued $8 million maturity value of 5-year bonds, which carried a coupon rate of 6% and paid interest semiannually. At the time of the offering, the yield rate for equivalent risk-rated securities was 8%. Two years later, market yield rates had risen to 10%, and since the company no longer needed the debt financing, executives at Smith & Company decided to retire the debt. Calculate the gain or loss that Smith & Company will incur as a consequence of retiring the debt early. Round your answer to the nearest dollar. Round your answer to the nearest dollar. If it is a loss, enter as a negative. $ 0 X