One of the disadvantages of issuing zero coupon bonds is that the tax shield associated with the bonds' appreciation cannot be claimed until the bond matures.

Name: One of the disadvantages of issuing zero coupon bonds is that the tax shield associated with the bonds' appreciation cannot be claimed until the bond matures.
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Question

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The tax shield on zero coupon bonds is claimed annually as the bond appreciates, not just at maturity.

One of the Disadvantages of Issuing Zero Coupon Bonds Is