Examlex
Instructions: Identify the terms and briefly state their historical significance.
bards and The Epic of Son-Jara
Zero Coupon Bond
A debt security that does not pay interest but is traded at a deep discount, offering profit at maturity when it is redeemed for its face value.
Face Value
The nominal value printed on a financial instrument like a bond or stock certificate, not necessarily its market value.
Interest Rate
The interest rate is the proportion, typically expressed as a percentage, at which interest is paid by borrowers for the use of money that they borrow from a lender.
Present Discounted Value
The immediate value of a forthcoming sum of money or cash flow streams, discounted at a specific rate of return.
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