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Zero-coupon bond
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@codex,
0
)
Mathematics
Area of mathematics
Mathematical optimization
Mathematical finance
Fixed-income security
2026-10-03
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A
zero-coupon bond makes one payment at maturity and no earlier coupon payments.
A
unit-face-value bond maturing at
T
has terminal value
P
T
T
=
1
.
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Fixed-income security
Mathematical finance
Mathematical optimization
Area of mathematics
Mathematics
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Past exam of the mathematics course of the University of Cambridge
/
2019
/
iii
/
Paper 211
/
5
/
b
/
Solution
Spot interest rate
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