1. Bay: The offspring may inherit the bay color from one of the parents, resulting in a brown coat with black points (mane, tail, and lower legs).
2. Buckskin: Buckskin is a light tan or golden color with black points. It is possible to get a buckskin foal if the bay parent carries the cream gene and the palomino parent carries the dun gene.
3. Palomino: The offspring may inherit the palomino color from one of the parents, resulting in a golden or cream-colored coat with a white mane and tail.
4. Chestnut: Chestnut is a solid reddish-brown color. It is possible to get a chestnut foal if both the bay and the palomino parents carry the chestnut gene.
5. Dun: Dun is a brownish or grayish color with a dorsal stripe, dark points, and leg barring. It is possible to get a dun foal if the bay parent carries the dun gene.
It is important to note that the coat color of a horse is determined by a complex interplay of multiple genes, and the actual color of the offspring may not be exactly predictable. Therefore, it is not always possible to guarantee a specific coat color when breeding horses.