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31 Which one of the following statements about vanilla bonds is NOT true? a. Coupon payments are usually made quarterly. b. They have no special

31 Which one of the following statements about vanilla bonds is NOT true? a. Coupon payments are usually made quarterly. b. They have no special provisions. c. The face value, or par value, for most corporate bonds is $1,000. d. The bond's coupon rate is calculated as the annual coupon payment divided by the bond's face value.

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