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Which one of the following statements about vanilla bonds is NOT true? The coupon payment is fixed. The face value,or par value,is usually$1,000. The coupon

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

The coupon payment is fixed.

The face value,or par value,is usually$1,000.

The coupon rate is fixed.

The coupon rate is calculated as the annual coupon payment multiplied by the face value.

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