Which of the following is correct in regard to distinctions between a U.S. Treasury Bills, Treasury notes and a Treasury bonds?

Select one:

a. Bills have default risk; Bonds do not.

b. Bonds initially have more than 10 years until maturity; Notes have fewer than 10 years initially.

c. Bonds must have higher coupon rates than Bills.

d. Bonds make coupon payments; Notes do not.

e. Bills have semi-annual coupon payments, Bonds do not.