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Which of the following is a characteristic of a bond? A bond represents a promise to repay a fixed amount of funds. The face value

Which of the following is a characteristic of a bond?

A bond represents a promise to repay a fixed amount of funds.

The face value or principal plus interest is repaid at a specified period of time.

The length of coupon payments is fixed by the stated maturity period.

All of these are characteristics of bonds.

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