On April 1, Bank takes and perfects a security interest in “all of Jack’s Stereo Equipment, Inc.’s equipment & inventory, both presently owned & after-acquired,” filing an adequate financing statement in the appropriate office.

On June 1, Jack’s Stereo Equipment, Inc. changes its name to “TVs 2 Go, Inc.” On July 1, Creditor takes and perfects a security interest in “all of TVs 2 Go’s equipment & inventory, both presently owned & after-acquired,” filing an adequate financing statement in the appropriate office.

Jack’s Stereo Equipment owned 100 stereos (the "stereos") on April 1. TV’s 2 Go purchased 100 TVs (the TVs) on September 1. TV’s 2 Go also purchased 100 speakers (the "speakers") on October 5. Assume that the stereos, the TVs, and the speakers are still in the store's inventory and have not yet been sold. Which statement is correct?

A. Bank has a perfected security interest in the stereos, TVs and speakers.

B. Bank has a perfected security interest only in the stereos.

C. Bank does not have a perfected security interest in any of TV’s 2 Go’s inventory, because Bank's initial financing statement is now seriously misleading and thus is no longer effective to perfect Bank's security interest.

D. Bank has a perfected security interest in the stereos and the TVs, but an unperfected security interest in the speakers.