Kyle issues a bond that has no coupon payments; the bond holder simply receives the face...
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Kyle issues a bond that has no coupon payments; the bond holder simply receives the face value of the bond when it matures. What type of bond did Kyle issue? A step-up bond. A zero-coupon bond. A convertible bond. A split-coupon bond. Kyle issues a bond that has no coupon payments; the bond holder simply receives the face value of the bond when it matures. What type of bond did Kyle issue? A step-up bond. A zero-coupon bond. A convertible bond. A split-coupon bond.
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Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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