Answer (C) is correct . Serial bonds have staggered maturities; that is, they mature over a period (series) of years. Thus, investors can choose the maturity date that meets their investment needs. For example, an investor who will have a child starting college in 16 years can choose bonds that mature in 16 years.
Answer (A) is incorrect because Serial bonds mature on different dates.
Answer (B) is incorrect because Bonds maturing on different dates may have different yields, or they may be the same. Usually, the earlier date maturities carry slightly lower yields than the later maturities.
Answer (D) is incorrect because The coupon rate is the same for all bonds; only the selling price and yield differ.
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