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Which statement is NOT true about the RNA-first hypothesis?
Zero-Coupon Bonds
Bonds that don’t make periodic interest payments but are issued at a discount to their face value and redeemable for the face amount at maturity.
Expected Interest Rate
The anticipated rate at which interest is to be paid by a borrower for the use of money.
Municipal Bonds
Bonds issued by local government or municipalities, typically offering tax-exempt interest payments.
Corporate Bonds
Debt securities issued by corporations to raise capital, where the issuer promises to repay the borrowings plus interest.
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