Which one of the following statements is correct?
A) A convertible bond can be exchanged for shares of stock.
B) The issuer can deduct the repayment of the bond principal as a business expense for tax purposes.
C) A zero-coupon bond is sold at a deep premium.
D) A "fallen angel" is a coupon bond that has converted to a zero-coupon bond.
E) Corporate bonds are quoted in 32nds.
Correct Answer:
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