So, here are the options for bond buyers: You could buy bonds with high yields with various maturities. Or, you could buy deeply discounted bonds — the so-called zero coupon bonds — to avoid reinvestment risk. Or, you could buy floaters, which are the bonds that vary in price as interest rates increase or decline.
But that's far from a list of all of the available options. There are bonds that do not pay coupons during the life of a bond, but rather accum...
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