Which type of bond sells at a discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?

Which type of bond sells at a discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?
A . High-yield bonds.
B . Commodity-backed bonds.
C . Zero coupon bonds.
D . Junk bonds.

View Answer

Answer: C