One of your customers purchases a new municipal bond at a discount. Which TWO of the following are TRUE?\ I. The discount on the bond must be accreted.\ II. The discount on the bond would not be accreted.\ III. The customer would be subject to a capital gain if he or she holds the bond to maturity.\ IV. The customer would not be subject to a capital gain if he or she holds the bond to maturity\ \ I and IV\ \ \ II and III\ \ \ \ II and IV\ \ \ \ I and III