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Zero coupon bonds are generally premium bonds either discount or premium bonds, depending on whether current market rates have recently increased or decreased discount bonds
Zero coupon bonds are generally
premium bonds
either discount or premium bonds, depending on whether current market rates have recently increased or decreased
discount bonds
riskless, because there are no coupon payments
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
