IL Down Across 2 A type of bond that makes no periodic interest payments. 4 Bonds with lower than a BBB credit rating are called A bond's price equals the of all future cash flows. 8 The effective annual interest rate earned if a bond is held for its lifetime. 11 When a bond is sold for more than the par value. 12 The amount of interest payment from a bond is also called the 13 Happens twice a year. 14 Name for when a bond must be paid back in full. 1 There is an relationship between bond prices and interest rates. 3 A zero coupon bond called a T-bill is issued by what department of the U.S. government? 5 The only thing that effects the price of a coupon bond. 6 This value will always be $1,000 for bond questions. 7 The coupon rate x 1000/2 = the _key. 9 When a bond is sold for less than par value. 10 Like an IOU from a company. You give them money and they promise to pay you back. Text