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Please explain me this answer to this question: Q.Under what situation can a zero-coupon bond be selling at a discount? Assume a positive yield to

Please explain me this answer to this question: Q.Under what situation can a zero-coupon bond be selling at a discount? Assume a positive yield to maturity. A.Except at maturity, a zero-coupon bond will always sell at a price less than its face value.

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