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Which of the following statements is false? The par value is equal to 1 0 0 % of a bond's face value. The principal is

Which of the following statements is false?

The par value is equal to

100 %

of a bond's face value.

The principal is repaid on the maturity date.

Bonds can be issued for a price below or above the selling

price.

Interest payments are always made monthly.

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