Which one of the following descriptors is used to identify a bond that pays one single payment at maturity?

Name: Which one of the following descriptors is used to identify a bond that pays one single payment at maturity?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A zero coupon bond is a bond that pays no coupons or interest payments throughout its life and instead pays one single payment at maturity. This payment represents the return of the principal invested plus any appreciation in the bond's value.

Which One of the Following Descriptors Is Used to Identify