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Which of the following statements is/are true? I. If a $130,000 face value bond is...

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Accounting

Which of the following statements is/are true? I. If a $130,000 face value bond is issued at 120, the cash received will be $158,000. II. If a public company issued bonds at a discount, it indicates that the company has a poor credit rating. III. If the market rate is 7% and the stated rate is 4%, the bonds will sell at a discount. IV. If the market rate is 7% and the stated rate is 11%, the bonds will sell at a premium. Select one: a. I, III and IV b. IV, only c. III and IV d. I and IV e. All four statements are correct.

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