Use the Following Information to Answer Bellow Questions

Multiple Choice

Use the following information to answer bellow Questions.
A company bought debt securities, classified as available-for-sale, on August 1, 2020 for $105,000. On November 15, 2020, the market value of the securities is $100,000, and the company buys put options for $500, locking in the selling price of the securities at $100,000. The options qualify as a fair value hedge of the securities. All income effects of the securities and the hedge are reported in financial gains (losses) . At December 31, 2020, the reporting year-end, the market value of the securities is $98,000, and the options have a fair value of $2,600. On March 1, 2021, when the market value of the securities is $95,000, the company sells the options for $5,400, and also sells the securities.
-What is the net effect on the company's 2021 financial gain (loss) of the securities and the hedge?

A) no net effect
B) $5,100 loss
C) $ 200 loss
D) $5,200 loss