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(I) A zero-coupon bond requires the borrower to repay the principal at the maturity date plus an interest payment. (II) A coupon bond pays the
(I) A zero-coupon bond requires the borrower to repay the principal at the maturity date plus an interest payment. (II) A coupon bond pays the lender a fixed interest payment every year until the maturity date, when a specified final amount (face or par value) is repaid.
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(I) is true, (II) false.
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Both are true.
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Both are false.
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(I) is false, (II) true.
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