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As Mike Gitlin, CEO of Capital Group, pointed out at Milken, a simple investment in the S&P 500 basket of stocks has returned 15% per year for the last 15 years, about double the return on global ...
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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.
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