Which of the following statements is FALSE?

A.

The principal or face value of a bond is the notional amount we use to compute the interest payments.

B.

Payments are made on bonds until a final repayment date, called the term date of the bond.

C.

The coupon rate of a bond is set by the issuer and stated on the bond certificate.

D.

The promised interest payments of a bond are called coupons.