Which of the following statements about bonds is false?

Group of answer choices

Bonds are generally sold in increments of $1,000 or $5,000.

Corporate bonds generally have maturities of 20 to 30 years.

Zero-coupon bonds pay no interest.

Municipal bonds must be registered and approved by the SEC before they can be sold.

The indenture is a legal document that spells out the rights and obligations of both the bondholders and the issuing corporation.