Describe the "zero coupon bond." Indicate how it is issued, valued in the market, and which investor should consider a zero coupon bond.

The zero coupon bond is issued to a buyer at discounted face value and attracts no
interest payments attached on other types of bonds periodically. The buyer of the bond in
question in this cases gets returns in form of appreciation that occurs through set appreciation
procedures. The appreciation which are means of valuing the bond on the market works in taking
care of the expenses accrued on the bond. The bond in the process is redeemed at maturity on a
set maturity date.