The Wash Sale Provisions Apply to Which of the Following

Multiple Choice

The wash sale provisions apply to which of the following?
I.Tom realizes an $8,000 loss on the June 17,2016,sale of 650 shares of Roadrunner Corporation common stock.He replaces the 650 shares with Hawke Inc.,stock on July 8,2016.
II.Rosie realizes a $6,000 loss on the December 29,2015,sale of 40 Billings corporate bonds.Each bond has a face value of $1,000.She replaces the Billings corporate bonds with 30 Redeemer corporate bonds,each with a face value of $1,000 on January 16,2016.The Redeemer bonds have the same interest rate,maturity date,but a different bond rating (AAA) as the Billings bonds.
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A) ​Only statement I is correct.
B) ​Only statement II is correct.
C) ​Both statements are correct.
D) ​Neither statement is correct.