A typical bond will pay annual coupon payments until it matures,at which time it will surrender its par value to the owner of the bond.

Name: A typical bond will pay annual coupon payments until it matures,at which time it will surrender its par value to the owner of the bond.
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Quizplus · Accepted Answer

This is true for most bonds, although there are some exceptions such as zero-coupon bonds which do not pay annual coupon payments.

A Typical Bond Will Pay Annual Coupon Payments Until It