John purchased a bond at a price far bellow its face value; it makes no interest payments and will be redeemed at its face value at maturity. In all likelihood, he purchased a/an _____ bond.
John purchased a bond at a price far bellow its face value; it makes no interest payments and will be redeemed at its face value at maturity. In all likelihood, he purchased a zero-coupon bond.
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Asked 9/20/2012 11:53:34 PM
Updated 8/26/2020 11:15:54 AM
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Masamune [8/26/2020 11:15:53 AM], Confirmed by
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