Two years ago, Mr. Young paid $40,000 to buy a publicly traded corporate bond through his broker. The bond's stated redemption value was $45,000. This year, Mr. Young sold the bond for $47,100. Compute and characterize his gain or loss on sale.

A) $2,100 long-term capital gain.

B) $7,100 ordinary income.

C) $5,000 ordinary income and $2,100 long-term capital gain.

D) $7,100 long-term capital gain.