Which of the following statements is false?
A) A corporate bond typically has face value of $1,000.
B) Corporate bonds typically sell for a price that is equal to the bond's face value.
C) The interest that corporate bonds pay is fully taxable.
D) State and local governments issue municipal bonds.

Question

Quizplus · Accepted Answer

Corporate bonds do not always sell for a price that is equal to the bond's face value. The price can be higher or lower depending on market conditions and the perceived creditworthiness of the issuer.

Which of the Following Statements Is False