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Which of the following is not a characteristic of a zero-coupon bond? It provides a means for corporations to take annual deductions without cash being
Which of the following is not a characteristic of a zero-coupon bond?
| It provides a means for corporations to take annual deductions without cash being exchanged. | ||
| It doesn't pay interest during the life of the bond. | ||
| It is sold at a deep discount from face value. | ||
| The bond's price does not change during the life of the bond. |
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