From the Reading, A Closer Look at Zero Coupon Bonds consider the following three statements:

• Zero coupon bonds pay no interest throughout the life of the bond this makes them lower quality investments.
• Zero coupon bonds are also known as Original Issue Discount or OID bonds.
• Because a zero coupon bonds does not pay interest, it will always sell below its par value.

Select one:

a.

One of the above statements is correct

b.

Two of the above statements are correct

c.

All of the above statements are correct

d.

None of the above statements are correct