GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A bond issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate of Interest) is called____
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Perpetual Bond
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Preference Bond
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Convertible Bond
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Zero Coupon Bond
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Explanation:
Detailed explanation-1: -A bond that sells for less than its par value is said to sell at a discount. Zero coupon bonds are often called discount bonds due to their reduced prices.
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