Are junk bonds and zero coupon bonds the same? Explain. What are the basic tax features of

Question:

Are junk bonds and zero bonds the same? Explain. What are the basic tax features of a tax-exempt municipal bond?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...