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Which one of the following statements about vanilla bonds is NOT true? The face value, or par value, for most corporate bonds is $ 1

Which one of the following statements about vanilla bonds is NOT true?

The face value, or par value, for most corporate bonds is $

1, 000 .

They have fixed coupon payments.

The bond's coupon rate is calculated as the annual coupon payment divided by the bond's face value.

Coupon payments are usually made quarterly.

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