Which of the following statements is true about zero coupon bonds? O They typically sell at a deep discount below par when they are first issued. O They typically sell at a premium over par when they are first issued. O They typically sell for a higher price than similar coupon bonds. O They are always convertible to common stock.

Which of the following statements is true about zero coupon bonds? They typically sell at a deep discount below par when they are first issued. They typically sell at a premium over par when they are first issued. They typically sell for a higher price than similar coupon bonds. They are always convertible to common stock