Which one of the following is TRUE?

Select one:

a. The coupon value of a bond is the face value of that bond.

b. Zero coupon bonds sell well above their par value because they offer no coupons.

c. When a company issues a bond, the buyer of that bond becomes a part owner of the issuing company.

d. A bond is said to mature on the date when the issuer repays its par value.

e. The buyer of bonds regularly pay interest on the face value of the bond to the issuer of those bonds.