I have looked at the "What is a bond fund?" question and this wasn't addressed.
Which of these are applicable (and is there anything tricky to understand about it in this case)?
- You can sell your shares of the fund on the market if share price rises.
- You receive a dividend from the fund every so often.
And a related question: To receive the promised "coupon", do you have to own the bond fund for a certain amount of time as with a bond, equalling the average maturity of the funds within the fund?