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t. e. A zero-coupon bond (also discount bond or deep discount bond) is a bond in which the face value is repaid at the time of maturity. [1] Unlike regular bonds, it does not make periodic interest payments or have so-called coupons, hence the term zero-coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. For example, if a bond has a face value of $1,000 and a coupon rate of 5%, then it pays total coupons of $50 per year.
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The state also has a tied record for the largest hunter shot black bear in the Boone and Crockett record books at 733 lb (332 kg) and a skull of 23 3/16, tied with a bear shot in California in 1993. As of 2007, Pennsylvania has the second highest number of Boone and Crockett-recorded record black bears at 183, behind Wisconsin 's 299.
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