Which of the following statements about bonds is true?

a. The interest rate for corporate bonds is often higher than the interest rate for a long-term loan.

b. Corporations issue bonds in part because they can raise larger amounts of money by selling bonds to a lot of different bondholders than could be borrowed from one lender.

c. The typical face value for a bond is $1,000,000.

d. Interest rates for corporate bonds are the same for every corporation.

e. The interest for corporate bonds is usually paid monthly.