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Which ONE of the following statements is wholly CORRECT: a. Zero coupon bonds are sold at a price above par value. b. None of the

Which ONE of the following statements is wholly CORRECT:

a.

Zero coupon bonds are sold at a price above par value.

b.

None of the answers are correct.

c.

Zero-coupon bonds have fixed coupon rate.

d.

Zero-coupon bonds are sold at a price below par value.

e.

Zero-coupon bonds are valued using simple interest.

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