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Which of the following is correct? A zero coupon bond ________. a. Sells at a price lower than the face value. b. Provides no cash
Which of the following is correct? A zero coupon bond ________.
a. Sells at a price lower than the face value.
b. Provides no cash flow to the holder at the maturity.
c. Sells for a price that is higher than the face value.
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