Which of the following statement is incorrect?

Group of answer choices Most of the answers are correct except one.

The most important investors in corporate bonds are big institutional investors such as life insurance companies, pension funds, and mutual funds.

Zero coupon bonds sell well above their par value because they offer no coupons.

The face or par value for most corporate bonds is equal to $1,000, and it is the principal amount owed to bondholders at maturity.

Bonds with low coupon payments have greater interest rate risk