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    Exam 6: Bonds Debt Characteristics and Valuation
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    A Bond That Pays No Annual Interest but Is Sold
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A Bond That Pays No Annual Interest but Is Sold

Question 36

Question 36

Multiple Choice

A bond that pays no annual interest but is sold at a discount below its par value is called a:


A) mortgage bond.
B) callable bond.
C) convertible bond.
D) putable bond.
E) zero coupon bond.

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