(I)Most corporate bonds have a face value of $1,000,pay interest semiannually,and can be redeemed anytime the issuer wishes.
(II)Registered bonds have now been largely replaced by bearer bonds,which do not have coupons.

Question

Quizplus · Accepted Answer

(I) is true as most corporate bonds do have a face value of $1,000, pay interest semiannually and can be redeemed anytime the issuer wishes. 
(II) is false as registered bonds have not been largely replaced by bearer bonds. Registered bonds keep records of ownership and interest payments, while bearer bonds have coupons attached to them and do not keep a record of ownership.

(I)Most Corporate Bonds Have a Face Value of $1,000,pay Interest