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A zero-coupon bond a. has a coupon that declines to 0 over its life b. Only pays out its face value c. Can't be issued

A zero-coupon bond

a. has a coupon that declines to 0 over its life

b. Only pays out its face value

c. Can't be issued for a period less than 10 years

d. Has a market price greater than its face value

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