Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-When a company issues bonds that promise only to pay the face amount at the maturity date, the bonds issued are called

Question

Use the present value and future value tables included in Appendix 8 and on the textbook companion website. 
-When a company issues bonds that promise only to pay the face amount at the maturity date, the bonds issued are called

Quizplus · Accepted Answer

Zero coupon bonds are issued at a discount and do not pay periodic interest, only the face value at maturity.

Use the Present Value and Future Value Tables Included in Appendix