Great.. thanks a lot ..
-- On Mon, Nov 28, 2011 at 9:42 PM, Banjara <loveisluck2@gmail.com> wrote:
It doesn't pay any coupon hence called zero coupon bond and is always bought on discounted price than its face value. On maturity the bond holder receives its par value only.
On Mon, Nov 28, 2011 at 7:25 PM, ◆Fuad Hasan◆ <mrfuad2007@gmail.com> wrote:
--A zero coupon bond:Does not pay any coupon payments because the issuer is in defaultPays coupons only once a year versus the usual twice a yearPromises a single future paymentPays coupons only if the bond price is below face value
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