Consider a 30-year zero-coupon bond with a face value of $100.
The California program will sell zero-coupon bonds, which do not pay any interest until they mature.
Some zero-coupon bonds, which pay no current interest, fell by much greater amounts.
In addition, investors are offered zero-coupon bonds, which pay no interest.
They would also permit zero-coupon bonds, which didn't exist before.
The yield to maturity of a zero-coupon bond is a certain thing.
Argentina has until April 30 to purchase the zero-coupon bonds.
The zero-coupon bond is priced at $476.22 for each $1,000 of bonds.
The zero-coupon bonds due 2006 were up half a cent, to 11 cents.
The zero-coupon bonds, which pay no interest, will yield from 7.30 to 7.55 percent if held to maturity.
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