An advantage of the zero coupon bond is that there is no coupon, so the yield to maturity is locked in for the life of the bond.

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This is true. Zero coupon bonds are issued at a discount to their face value and do not pay any coupon payments. This means that the yield to maturity is locked in at the time of purchase and the investor knows exactly what their return will be at the bond's maturity.

An Advantage of the Zero Coupon Bond Is That There