That shared interest between Ankara and Tehran may be ultimately the strongest bond between these two neighbors.

VOA: standard.2010.07.26

It's the most simple-- or often called a bill-- a discount bond does not pay interest; it's sold at a discount.

它是最简单的,经常被称为国库券,它是一种贴现债券,且不付息,并以折扣价发行

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You wouldn't buy this bond at par because at par, meaning at $100- because then you wouldn't get any interest on it.

你不是以平价买入,平价买入,意思是以100面值买,否则就没有利息收益了

耶鲁公开课 - 金融市场课程节选

So, if a bond was issued when interest rates were lower, they might have a 4% coupon when the prevailing rate is 6%.

所以，如果一只债券在利率很低的时候发行，在汇率为6%的的时候，它们可能有一个4%的票息。

耶鲁公开课 - 金融市场课程节选

The critical thing about a discount bond is it pays no interest.

要记住贴现债券不支付利息

耶鲁公开课 - 金融市场课程节选

If you have a bond with an interest rate of 4.375% -that's not an easy one to divide by two but you would get half of that every six months until maturity.

如果你持有一种利率为4.375%的债券,这个数除以2有点难算,而在债券到期前,每半年你能得到4.375%一半的券息

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