What is a zero coupon bond? Give an example of when the use of zero coupon bonds
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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...
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Zerocoupon bonds are bonds that dont pay interest directly to investors Instead these bonds ar...View the full answer
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Related Book For 
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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