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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.
In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond . 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 ...
The 2023 NBA draft, the 77th edition of the National Basketball Association's annual draft, was held on June 22, 2023, at Barclays Center in Brooklyn, New York.The draft consisted of 58 picks instead of the typical 60 for the second year in a row due to the loss of a second-round pick for both the Chicago Bulls and the Philadelphia 76ers for violating the NBA's tampering rules during free agency.