Examlex
What is the numerator of the fraction?
Zero-Coupon Bond
A type of bond that does not pay periodic interest payments and is sold at a discount from its face value, with the full face value being paid at maturity.
Face Value
The nominal value or dollar value of a security stated by the issuer.
Quoted
Mentioned or referred to as evidence for justification of an action, decision, or system.
Nominal Discount Rate
The discount rate before adjusting for inflation, reflecting the interest rate that a bank or lender specifies.
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