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IN the CFAI book it is mentioned for boot strapping:

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If they are zero coupon bonds than why do they have coupon payments of 0.059? 


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They’re not zero-coupon bonds.  They’re coupon-paying bonds, paying the par rate.  That’s why they’re priced at par.

Surely you recall this from Level I.

Simplify the complicated side; don't complify the simplicated side.

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