A bond is not characterized by which of the following terms?
(A) Face value
(B) Coupon rate
(C) Redemption price
(D) Equated monthly installment.
Choose the correct answer from the options given below:
A bond is not characterized by which of the following terms?
(A) Face value
(B) Coupon rate
(C) Redemption price
(D) Equated monthly installment.
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
A bond is described by its face value, coupon rate and redemption price. Equated monthly installment belongs to loan repayment, not to bonds, so only (D) is not a bond characteristic.
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