A Zero coupon bond is a fixed income security which pays no coupon interest. Rather, the bond is purchased at a discount from face value and the face value is repaid at maturity. The difference between the purchase price and the repaid face value is the return.
The Zero Coupon Bond calculator can calculate either the current price or the discount rate.
See Bonds with Coupon Calculator to calculate prices, yields and other attributes for bonds that pay periodic coupon interest.
See US T-Bill Calculator to calculate price and yield for US T-Bills.
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