Which of the following statements regarding bond trading is, Ask an Expert

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Which of the following statements regarding bond trading is INCORRECT?

A. The long-term bonds issued by the U.S. government are called Treasury Bills.

B. The long-term bonds issued by state and local governments in the United States are called municipal bonds.

C. A bond that makes no coupon payments (and thus is initially priced at a deep discount) is called a zero coupon bond.

D. The price a dealer is willing to pay for a security is called the bid price.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91376163

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