Examlex
Which prestigious universities were founded over 800 years ago?
Zero-coupon Bond
A bond that does not pay periodic interest and is sold at a discount from face value; its return comes from the difference between the purchase price and the face value paid at maturity.
Yield
The income return on an investment, such as the interest or dividends received, usually expressed as an annual percentage based on the investment's cost, its current market value, or its face value.
Zero-coupon Bond
A debt security that does not pay interest (coupon) but is traded at a deep discount, providing profit at maturity when the bond is redeemed for its face value.
Purchase Price
The amount of money paid to buy goods, services, or assets.
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