An investor is considering three 6%, fiveyear bonds for investment. The cash flows for each bond are given below. Bond A: Investors receive the annual coupon payment of $60 and the principal amount of $1,000 at maturity.

Bond B: Investors receive a constant annual payment for five years. Bond C: Investors receive a constant annual payment and a balloon payment in Year 5. Assuming there are no other cash flows for these bonds, which of the following is the most likely classification of Bond B?

Bullet bond

Fully amortized bond

A step-up coupon bond.

Partially amortized bond

None of the other answers are correct.