Prices of zero-coupon bonds rise exponentially over time, providing a rate of appreciation equal to the interest
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Prices of zero-coupon bonds rise exponentially over time, providing a rate of appreciation equal to the interest rate. The IRS treats this built-in price appreciation as imputed taxable interest income to the investor. P-8599
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Related Book For
ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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