Economics · Economy
The Indian Railway Finance Corporation (IRFC) received approval to raise funds through deep-discount bonds. What is one major characteristic of deep-discount bonds?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They have a variable interest rate
- 2They are issued at a discount to face value and pay no regular interest✓
- 3They are sold at a premium to face value
- 4They pay regular interest to bondholders
Correct answer
They are issued at a discount to face value and pay no regular interest
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