Final answer:
The question contains a list of statements about bonds, asking to identify the false one. However, all options provided are actually true descriptions of bond features and terms. The apparent error in the question may need clarification or additional context.
Step-by-step explanation:
The false statement among the options given is:
B. The promised interest payments of a bond are called coupons.
This statement is actually true, as the term 'coupon' refers to the interest payments that a bond issuer pays to the bondholders. Therefore, we need to assess the other statements to identify the false one:
- A. The principal or face value of a bond is the notional amount we use to compute the interest payments. This is true.
- C. Payments are made on bonds until a final repayment date, called the term date of the bond. This is true.
- D. The coupon rate of a bond is set by the issuer and stated on the bond certificate. This is true.
Since all other statements are true, and the question asks for the false statement, there is possibly a mistake in the question or in the options provided, as all stated facts are correct about bonds.