aining Time: 1 hour, 06 minutes, 34 seconds. stion Completion Status: A Moving to the next question prevents changes to this answer stion 7 Which of the following statements is true about a zero coupon bond? a. A zero coupon bond is taxed as a capital gain at the time the bond matures. b. The discount on the issue of a zero coupon bond is written off over its life in the investor's financial statement. C. A zero coupon bond is issued at a coupon rate that adjusts for inflation. d. A zero coupon bond is issued at a substantial discount below its par value. e. The interest received every year on a zero coupon bond is taxed as interest income