Examlex
Describe the advantages and disadvantages of a husband-wife team running a business.
Zero-Coupon Bond
A debt security that does not pay interest but is traded at a deep discount, providing profit at maturity when it is redeemed for its face value.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, representing the weighted average time to receive the bond's cash flows.
Coupon
A voucher entitling the holder to a discount for a particular product or service.
Zero-Coupon Bond
A bond that is issued at a discount and repaid at face value at maturity, without periodic interest payments.
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