Fix coherence errors: Throughout their life they pay no interest, as it accrues as principal instead. ETRs that mature in 10 years might cost $600 today for one bond that will be valued at $1,000 (par) in 10 years.
Throughout their life they pay no interest, as it accrues as principal instead. For example ETRs that mature in 10 years might cost $600 today for one bond that will be valued at $1,000 (par) in 10 years.