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If a company holds a debt until maturity, how should the extingeishinent of debt be recorded? The company will not hive to compute ary sain or loss. The unamartized premium will be recorded as a loss on exinguithment. The unamortized discount will be recorded as a gain on extinguishment. The difference between the carrying value of the bond and the face value of the bond will berccorded as a gin or loss on extingithment