Which of the following is false with regards to bonds? Secured bonds are bonds that have specific assets of the issuer pledged as collateral for the bonds. The face value of a bond is the amount of principal due at the maturity date. The contractual interest rate of a bond is the rate the investors demand for loaning funds. Bonds are a form of interest-bearing note payable often sold in denominations of $1,000, Callable bonds are bonds that the issuing corporation can redeem at a stated dollar amount prior to maturity