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Which of the following statements about bonds is false? a. A bond that sells for more than its face value is said to be selling

Which of the following statements about bonds is false?

a.

A bond that sells for more than its face value is said to be selling at a premium.

b.

A callable bond allows a corporation to buy outstanding bonds from current bondholders before the maturity date.

c.

The only way an investor can make money on a bond investment is to hold the bond until maturity.

d.

The trustee is a person or an independent firm that acts as the bond holder's representative.

e.

A zero coupon bond has no coupon payments and is priced below its face value.

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