FYI: Most people think of bonds as being appropriate for those who need regular current income without a huge amount of risk. Yet some bonds are structured specifically not to pay income currently. The special ways in which these zero coupon bonds work can make them appropriate for very different uses than the typical fixed-income security.
Regards,
Ted
http://www.cetusnews.com/business/Should-I-Invest-in-Zero-Coupon-Bonds-.BkYgQZE5G.html
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