A security that is sold as a discount and redeemed for the full face value at maturity, providing a positive yield value, but that makes no income payments prior to maturity. Types of pure discount instruments include zero-coupon bonds and Treasury bills.
Related information about pure discount instrument:
- Pure Discount Instrument Definition | Investopedia
A type of security that pays no income until maturity; upon expiration, the holder receives the face value of the instrument. The instrument is originally sold for ...
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- Optimal investment strategies with investor liabilities
By considering both the one period pure discount instrument and the .... pure discount instrument in constructing the efficient frontier of risky assets are ineflcient.
- option valuation.pdf
At time one a then one-year zero will be worth either. $921.66 or $947.87 and, thus, this will be the value of a time zero two period pure discount instrument ...
- YIELDDISC function - OpenOffice.org wiki
Apr 27, 2010 ... YIELDDISC calculates the annual (uncompounded) yield for a bond which pays no interest (a 'pure discount instrument' or 'discounted zero ...
- PRICEDISC function - OpenOffice.org wiki
Apr 13, 2010 ... This function calculates a price (or value), per 100 currency units par value, for a bond which pays no interest (a 'pure discount instrument' or ...
- M - CFA Institute
A measure of how much a given immunized portfolio differs from the ideal immunized portfolio consisting of a single pure discount instrument with maturity equal ...