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Development relates to
Zero-Coupon Bond
A type of bond that is sold at a discount to its face value, pays no interest (coupon), and is redeemed at its face value at maturity.
Face Value
The nominal value or dollar value of a security stated by the issuer, also known as the "par value" especially in the context of bonds.
Quoted
The stated price at which a security is offered for sale on a stock exchange or in the financial markets.
Zero-Coupon Bond
A bond that does not pay interest during its life and is sold at a discount from its face value.
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