Which of the Following Is NOT a True Statement About

Multiple Choice

Which of the following is NOT a true statement about bonds?

A) A company that issues bonds is (typically) borrowing money from the public not a specific person or institution.
B) A bond's prices in the secondary market changes as the market interest changes over time.
C) Bonds can be turned in by their holders prior to their maturity date and receive the bond's face value.
D) When a company issues convertible bonds it will not have to pay the face value of the bonds if the bonds are converted before the bond's maturity date.