Multiple Choice
Which one of the following statements about vanilla bonds is NOT true?
A) They have fixed coupon payments.
B) The face value, or par value, for most corporate bonds is $1,000.
C) Coupon payments are usually made quarterly.
D) The bond's coupon rate is calculated as the annual coupon payment divided by the bond's face value.
Correct Answer:

Verified
Correct Answer:
Verified
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