Which of the following statements is false regarding bonds, and the potential benefits and drawbacks a company might consider when issuing a bond?

A$.$ Bonds are more "liquid" than a normal loan $($e$.$g$.,$ a loan from a bank$).$ They can be bought and sold regularly, changing hands between different investors.

B$.$ Bonds are standardized $($so every buyer of an individual bond receives the same cash flows$),$ and can be purchased by a wide variety of investors, allowing companies to raise money at a large scale.

c$.$ When issued by companies, bonds tend to be issued by relatively large and wellestablished companies, with a track record of paying back their loans.

D$.$ Bonds are very flexible for companies looking to borrow, because a company usually has the option to "skip" a scheduled interest payment without facing any major consequences

E$.$ Bonds are risky because the present value of their cash flows are affected by changes in market interest rates. The present values of cash flows associated with ordinary bank loans are unaffected by changes in rates.

F$.$ Both $D$ and $E$ are false regarding bonds and their benefits$/$drawbacks$.$