are debt securities in which coupons have been separated from the principle pay no interest is...........

Finance (Phase -I & II) Valuation of Securities

_______ are debt securities in which coupons have been separated from the principle, pay no interest, issued at discount and redeem at par. Such coupons are used to purchase securities etc.

Zero Coupon Bonds (ZCB)

Separate Trading of Registered Interest and Principle of Securities(STRIPS)

Deep Discount Bonds

None of the above

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Explanation:

Separate Trading of Registered Interest and Principle of Securities(STRIPS) are debt securities in which coupons have been separated from the principle, pay no interest, issued at discount and redeem at par. Such coupons are used to purchase securities.