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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 $1000. The coupon rate is fixed. The coupon rate is calculated as the annual coupon payment multiplied by he face value.

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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 $1000.

The coupon rate is fixed. 

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

 
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