Which one of the following is TRUE?

Select one:

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

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

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

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

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