3) (4 Points) Company Z needs financing, so they decide to issue $100,000 worth of bonds. The coupon rate of the bonds is at 7% and Company Z has now realized that the market for similar bonds is at 5%. When Company Z issues these bonds will they be at a premium or a discount? And why? A) (1 Points) Answer: B) (3 Points) Please Explain Why: 4) (8 Points Total) On May 3, Zirbes Corporation purchased 4,500 shares of its own stock for $31,500 cash. On November 4, Zirbes reissued 1,350 shares of this treasury stock for $10,800. Prepare the May 3 and November 4 journal entries to record Zirbes's purchase and reissuance of treasury stock. A) (2 Points) May 3 Account Debit Credit B) (6 Points) November 4 Account Debit Credit