A bond that makes no coupon payments and is initially priced at a deep discount is called a _____ bond.

Name: A bond that makes no coupon payments and is initially priced at a deep discount is called a _____ bond.
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A bond that makes no coupon payments and is priced at a discount is known as a zero-coupon bond. This type of bond is also known as an "original issue discount" bond because it is sold for less than its face value, with the price increasing to the face value at maturity.

A Bond That Makes No Coupon Payments and Is Initially