Which of the following statements is true of a bond?
A. The maturity value of a bond is always more than the market value of the bond.
B. Interest payments on a bond increase throughout the duration of the bond.
C. The maturity date of a bond is contractually fixed.
D. The call provision of a callable bond is normally exercised in the last year of the bond.
E. The market value of a bond is stated in the bond indenture.
Answer: C
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