Question content area

Part $1$

Which of the following is a key difference between coupon payments of a bond and dividend payments of a$$ stock? $($Assume that the issuer of the bond or stock never$$ defaults$)$

A$.$

Coupon payments are$$ uncertain, dividend payments are certain

B$.$

Coupon payments always grow at a constant positive rate$$ g$,$ dividend payments do not

C$.$

Dividend payments always grow at a constant positive rate$$ g$,$ coupon payments do not

D$.$

Coupon payments are$$ certain, dividend payments are uncertain