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Bonds can be 11) bonds with a constant coupon rate over the life of the bond, or they can be 12) bonds with a coupon
Bonds can be 11) bonds with a constant coupon rate over the life of the bond, or they can be 12) bonds with a coupon rate that varies over time depending on the level of interest rates. 13) bonds pay no annual interest but are sold at a 14) par, thus compensating investors in the form of capital appreciation. An original issue discount (OID) bond is any bond originally offered at a price 15) par value
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