All of the following statements regarding bond characteristics are correct EXCEPT

A. the lower the price paid for a coupon bond, the lower the effective return

B. typically, coupon bonds pay interest semiannually

C. a bond sold with no coupons, at a discount, and redeemed for face value at maturity is called a zero-coupon bond

D. the typical bond matures (terminates) on a specified date and is technically known as a term bond