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Zero coupon bond
Such a debt security
pays an investor
no interest
. It is sold at a discount
to its face price and matures in one year or longer.
Zero uptick
Related:
tick-test rules
Zero-beta portfolio
A portfolio
constructed to represent the risk-free asset, that is, having a beta
of zero.
Zero-coupon bond
A bond
in which no periodic coupon
is paid over the life of the contract
. Instead, both the principal and the interest
are paid at the maturity date
.
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