Which of the Following Statements Is FALSE

question 14

Multiple Choice

Which of the following statements is FALSE?

• A)The amount of each coupon payment is determined by the coupon rate of the bond.
• B)The simplest type of bond is a zero-coupon bond.
• C)Treasury bonds are Australian government bonds with a maturity greater than one year.
• D)Prior to its maturity date, the price of a zero-coupon bond is always greater than its face value.

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Definitions:

24-Hour Clock System

A timekeeping system that runs from midnight (00:00) to 23:59, eliminating the need for AM and PM to denote morning or afternoon/evening times.

International 24-Hour Clock

A timekeeping system that ranges from 00:00 to 23:59, used to avoid confusion between AM and PM times.

International 24-Hour Clock

A timekeeping system that runs from midnight to midnight, divided into 24 hours, used to avoid confusion between AM and PM hours.