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Deep discount bond |
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Deep discount bondA bond issued with a very low coupon or no coupon that sell at a price far below par value. A bond that has no coupon is called a zero-coupon bond.Deep discount bond Similar MatchesDiscountDiscountThe difference between the net asset value (NAV) per share of an investment trust and the share price, expressed as a percentage of the net asset value per share.e.g. if the NAV is £3.00, and the share price of the trust is £2.70, the trust is trading at a 10% discount to its NAV.When the share price is above the net asset value, it is said to be trading at a premium. Volume discountVolume discountA reduction in price based on the purchase of a large quantity. Forward discountForward discountA currency trades at a forward discount when its forward price is lower than its spot price. Discount ArbitrageDiscount ArbitrageA riskless arbitrage in which a discount option is purchased and an opposite position is taken in the underlying security. The arbitrageur may either buy a call at a discount and simultaneously sell the underlying security (basic call arbitrage) or maybuy a put at a discount and simultaneously buy the underlying security (basic put arbitrage). See also Discount. Original issue discount debt (OID debt)Original issue discount debt (OID debt)Debt that is initially offered at a price below par. Further Suggestionsdiscount rateUnderwriters discount Discount yield Documented discount notes Discount rate Discount payment Discounted in or by market Unamortized bond discount Accrued market discount Discount broker Discounting Discounted payback period rule Discount period Discount Interest Dividend Discount Return Stepped discount mortgage discounted cashflow Pure discount bond Accrued discount Discounted payback Discount window discount yield Dividend Discount Model (DDM) Discounted cash flow (DCF) Discount factor |
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