Question
Which of the following is/are NOT a feature of zero coupon bonds?
Which of the following is/are NOT a feature of zero coupon bonds?
i. These are issued at deep discount and redeemed at full face value
ii. You do not receive any annual interest payments
iii. Rating of the bond during its tenure can change the price of the bond
iv. The price of the bond increases with increase in the interest rates in the market
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