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Which of the following is not a characteristic of a zero-coupon bond? Select one: A.It doesn't pay interest. B.It is sold at a deep discount
Which of the following is not a characteristic of a zero-coupon bond?
Select one:
A.It doesn't pay interest.
B.It is sold at a deep discount from face value.
C.The annual increase in the bond's price is not taxable as ordinary income.
D.It provides a means for corporations to take annual deductions without current cash outflow.
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