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What are Web servers and commerce servers?
Zero-Coupon Bonds
Bonds that do not pay periodic interest payments but are issued at a substantial discount to their face value, maturing at par.
Coupon Rate
The annual interest rate paid by a bond as a percentage of its face value, typically expressed in annual terms.
Par Value
The face value of a bond or the stock value stated in the corporate charter, which can differ significantly from its market value.
On The Run
Recently issued bond, selling at or near par value.
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