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The issuer of a zero coupon bond ____ money. The owner has a _ position in the bond and the issuer has a ____ position.

The issuer of a zero coupon bond ______ money. The owner has a _____ position in the bond and the issuer has a ______ position.

A. lends, short, long

B. Borrows, short, long

C. Borrows, long, short

D. Lends, long, short

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