Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) One advantage of quoting the yield to maturity rather than the price is that the yield is independent of the face value of the bond.
B) Unlike the case of bonds that pay coupons,for zero-coupon bonds,there is no simple formula to solve for the yield to maturity directly.
C) Because we can convert any bond price into a yield,and vice versa,bond prices and yields are often used interchangeably.
D) The IRR of an investment in a bond is given a special name,the yield to maturity (YTM) .