Should we conclude that the owner of a strip bond earns nothing until the full face value
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Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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We should not reach this conclusion It is true that the strip bond owner do...View the full answer
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