Task: Property Constraint Reasoning (ontology: Business_Finance/Financial_Industry_Business_Ontology)

The property 'has first coupon payment date' applies to instances of 'coupon payment terms', and 'stepped coupon terms' is a subclass of 'coupon payment terms'. Which class can appear as the value of 'has first coupon payment date' for instances of 'stepped coupon terms'?

A. last regular coupon date
B. bond with warrant
C. explicit date
D. municipal debt remarketing agent

Answer: explicit date