32) An amortization schedule can best be described as which of the following?

Select one:

a. A table showing the relative default risk on corporate bonds of different bond ratings

b. A table showing the allocation of payments between principal repayment and interest during the life of a loan

c. A table showing the calendar schedule of coupon payments occurring during the life of a bond

d. A table giving the present value interest factors (discount factors) for varying interest rates and number of time periods

e. A table giving the nominal and effective rates of interest on a mortgage type loan