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-Which section of the bowel is abnormal in Figure 32-1?
Par-value
The nominal or face value of a bond, share of stock, or other financial instrument, representing the value at which it will be redeemed at maturity.
Zero-coupon Bonds
Bonds that do not pay periodic interest and are sold at a discount from their face value; the return comes from the difference between the purchase price and the face value paid at maturity.
Yield To Maturity
The total return expected on a bond if it is held until the date it matures, including all interest payments and the repayment of the principal.
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