Which of the following statements is/are true?

I. If a $100,000 face value bond is issued at 110, the cash received will be $110,000.

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 10% and the stated rate is 8%, the bonds will sell at a premium.

IV. If the market rate is 10% and the stated rate is 12%, the bonds will sell at a premium.

Select one:

a. I, III, and IV

b. I and IV

c. IV, only

d. All four statements are correct.

e. I, II, and IV