The Viper retires a $$51\mathrm{.}0$ million bond issue when the carrying value of the bonds is $$52\mathrm{.}6$ million, but the market value of the bonds is $$46\mathrm{.}9$ million. The retirement will include:

Multiple Choice

a gain of $$5\mathrm{.}7$ million.

a loss of $$5\mathrm{.}7$ million.

an Increase in cash of $$526$ million.

No gain or loss on retirement.