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【单选题】
The Florida state authorities have sold a 3-year, 4% semi-annual coupon paying, fixed-rate bond issue with a face value of $1.0 million or £0.7 million. The coupon payments are to be made in US dollars while the par value will be repaid in British pounds (GBP). Which of the following statements regarding the bond issue is most likely correct?A.
The bond issue is a sovereign bond.
B.
The bond issue contains a currency option.
C.
The principal value of the bond is £0.7 million.
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