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Which of the following is correct? A zero-coupon bond ________. Provides no cash flow to the holder at maturity. Is also known as a deep
Which of the following is correct? A zero-coupon bond ________.
Provides no cash flow to the holder at maturity. | ||
Is also known as a deep discount bond. | ||
Typically pays coupons only during the first five years. | ||
Sells for a price that is greater than the face value. | ||
Has no interest payments and is thus not taxable until maturity. |
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