1) If the market rate of interest is 6% and the coupon rate of interest is 7% th

1) If the market rate of interest is 6% and the coupon rate of interest is 7% the bond will set at a:A. A discountB. At parC. At a premiumD. Cannot be determined2) What type of account classification is a bond?A. AssetB. LiabilityC. RevenueD. Equity3) When a corporation purchases shares of its own stock it is called:A. IllegalB. FraudC. Treasury StockD. Common Stock4) On December 31 2010 Halladay Corporation sold an asset that had a cost of $30000 and accumulated depreciation of $28000 for $6000. This transaction results in:A. A gain of $4000B. A loss of $4000C. A gain of $6000D. A loss of $2000