Corporate bonds have a ________.

Name: Corporate bonds have a ________.
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Corporate bonds have a par value or face value that is typically $1,000. The coupon rate is also specified and paid annually, but the market price of a bond can fluctuate based on various factors such as market interest rates and the financial health of the issuing company. Therefore, choice D - par value of $1,000, is the most accurate characteristic of a corporate bond.

Corporate Bonds Have a ________