DirectJet has recently issued 10 million zero-coupon bonds. Knowing that zero-coupon bonds pay no interest, how does
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DirectJet has recently issued 10 million zero-coupon bonds. Knowing that zero-coupon bonds pay no interest, how does an investor expect to earn a positive return on DirectJet’s bonds?
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Related Book For 
Foundations Of Airline Finance
ISBN: 9780415743259
2nd Edition
Authors: Bijan Vasigh, Kenneth Fleming, And Barry Humphreys
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