Examlex
The asset transformation function of FIs typically involves
Zero-Coupon Bonds
Debt securities that are sold at a deep discount and do not pay periodic interest payments, but instead are redeemed at their face value at maturity.
Yields to Maturity
The total return anticipated on a bond if it is held until it matures, considering all interest payments and the principal repayment.
Yield to Maturity
The total return anticipated on a bond if the bond is held until it matures, considering both the interest payments received and any gain or loss if the bond is purchased at a discount or premium.
Coupon
A detachable portion of a bond that is given up in return for the periodic interest payments.
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