Question
A zero coupon bond pays no coupon payments at all. Rather, it simply has a par value and maturity date. This type of bond always
A zero coupon bond pays no coupon payments at all. Rather, it simply has a par value and maturity date. This type of bond always sells at a discount. Can you explain why that is the case?
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, Kung Chen, Thomas Lin
1st Edition
0070059160, 978-0070059160
