Que 1 asks "which of the following is issued at a discount to its redemption value and pays no interest during its life time?"
Correct answer is zero coupon bond.
But there is also the option of "deep discount bond". Doesn't it fall into same category ?
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Chap 12 practice ques
7y ago#1No. A deep discount bond will be issued at a discount, but will pay some interest.
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