A bullet bond refers to a bond:

A bullet bond refers to a bond:
A . that carries no coupon payments during its lifetime
B . that provides for fixed coupons and repayment of principal at maturity
C . that is issued by a sovereign
D . that provides for floating rate interest payments during its lifetime

Answer: B

Explanation:

Choice ‘b’ represents a correct description of a bullet bond. All other choices are incorrect.