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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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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