Which of the following is NOT correct?

A:Non-callable bonds can also be zero-couponbonds.

B:Callable bonds give a lower coupon rate than similar non-callable bonds.

C:Callable bonds pay a higher face value back to the investors whenthey are called early..

D:Callable bonds have an initial period in whichtheycannot be called..

E:Callable bonds give a higher coupon rate than similar non-callable bonds.