In what important way do bonds differ from conventional bank loans? Bonds are type of long-term debt, whereas conventional loans to a business usually are short-term debt. A conventional loan usually involves only one lender, whereas a bond issue usually involves multiple lenders. Bonds require periodic payment of interest, whereas conventional loans only require payment of interest at maturity. Question 2 0/3 pts The coupon rate for a fixed-rate bond is used to define the dollar amount of the coupon payment, given frequency of payments per year and the par. must be greater than that of a U.S. Treasury bond with the same maturity. is a rate that fluctuates based on market conditions. Question 3 0/3 pts A conventional fixed-rate bond has two types of promised cash flows. Which of the following pairs is NOT a correct list of these flows? Bond Issuance fees and brokerage commissions Coupon payments and par. Interest payments and face value