Examlex
According to Kepler's second law,Halley's Comet circles the Sun in an elliptical path with the Sun at one focus of the ellipse.What is at the other focus of the ellipse?
Zero-Coupon Bond
A type of bond that is sold at a discount to its face value, pays no interest (coupon), and is redeemed at its face value at maturity.
Face Value
The nominal value or dollar value of a security stated by the issuer, also known as the "par value" especially in the context of bonds.
Quoted
The stated price at which a security is offered for sale on a stock exchange or in the financial markets.
Zero-Coupon Bond
A bond that does not pay interest during its life and is sold at a discount from its face value.
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