Which one of the following statements is INCORRECT? Select one: a. Inverse floaters are similar to floating-rate bonds except that the coupon rate on these bonds falls when the general level of interest rates rises. Investors suffer doubly when rates rise. b. Floating-rate bond allows coupon rate to be constant at the time of the issuance by the issuing company. Floating-rate bonds are promoted by the company's board of directors in consultation with the chief financial officer. c. Puttable bonds allows holder to choose either to exchange for par value at some date or to extend for a given number of years. d. Eurobonds are denominated in currency (usually that of issuing country) different than that of financial market. For example, Yen-denominated bonds selling outside Japan (Euroyen bonds), Sterline pound-denominated bonds selling outside Britain (Eurosterling). Advantage: the issuing company would save on the bond borrowing cost. Next page