Bond

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Academic definition

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Here is a brief overview of how bonds are issued in Finance Interactive:

Government: the government issues, at the start of every year, $1T in one-year (zero-coupon) bonds, $1T in ten-year bonds and $1T in twenty-year bonds. For coupon bonds, the coupon rate is equal to the current yield for the corresponding interest appearing in the Economic Data Table. Zero-coupon bonds don't pay a coupon, but they are sold at a discount. Government bonds have always a AAA credit rating and never default (as of now).
Corporations: FILL

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