Question
Which one of the following statements about vanilla bonds is NOT true? The coupon payment is fixed. The face value, or par value, is $1,000.
Which one of the following statements about vanilla bonds is NOT true?
| The coupon payment is fixed. | ||
|
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| The face value, or par value, is $1,000. |
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| The coupon rate is fixed. |
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| The coupon rate is calculated as the annual coupon payment multiplied by the face value. |
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
