Which of the following statements regarding debt securities are true?
I. A purchaser of a bond is a creditor of the corporation
II. The corporation is a creditor of a bondholder
III. Bonds are generally issued with a par value of $100
IV. Bonds are generally issued with a par value of $1,000
A) I and III
B) I and IV
C) II and III
D) II and IV
Answer: B