Target Corporation was merged into existing Parent Corporation. As a result of the merger, Target's shareholders received common stock in Parent having a fair market value of $$400,000,$ and non$-$ convertible bonds of Parent having a fair market value of $$600,000.$ What type of reorganization has taken place?

a$.$ Type A

b$.$ Type C

c$.$ Type D

d$.$ None; this is a taxable exchange