问题
单项选择题
Which of the following statements concerning coupon rate structures is FALSE （）
A. Step-up notes have coupon rates that increase over time at a pre-specified rate.
B. Accrual bonds have only one cash inflow at maturity.
C. Accrual bonds, like zero-coupon bonds, always sell at a discount to face value.
答案
参考答案：C
解析：
Accrual bonds, unlike zero-coupon bonds, do not always sell at a discount to face value. The interest accrues forward and thus the bonds are likely to sell for more than face value.
