Institutions originally issued bonds as bearer bonds, meaning that whoever held the bond was entitled to the interest payments and the principal repayment. The bondholder would aljclipalj a coupon as the interest payment date arrived and present the coupon to the bondas trustee for payment. The trustee was typically a bank. After clipping all the coupons, only the , or body of the bond, remained. The bondholder presented this to the trustee at maturity for repayment of the principal. Question options