The following are true statements about market discount:

I. a debt security purchased at a price less than its issue price has market discount

II. market discount is not created on the original issuance of a debt security

III. a taxpayer must include market discount in income each year

IV. market discount is a reclassification of a portion of gain to interest income

	a.	I, II, III, & IV
	b.	II, III, & IV
	c.	I, II, & IV
	d.	I & IV

Common kinds of distributions from corporations are:

I. Dividend distributions

II. Capital gain distributions

III. Non-dividend distributions

IV. Interest payments

	a.	I & II
	b.	I, II, & III
	c.	I, II, III, & IV
	d.	I & IV