How can there be interest expense each period for zero-coupon bonds if there are no interest payments?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:23 AM

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How can there be interest expense each period for zero-coupon bonds if there are no interest payments?

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Since zerocoupon bonds have a zero percent interest rate t...View the full answer

Cornerstones of Financial and Managerial Accounting

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