Business Standard

A Zero Sum Game

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BUSINESS STANDARD

The new tax changes have turned deep discount bonds into losers

Deep Discount Bonds (DDBs) are variously known as Zero Coupon Bonds or Money Multiplier Bonds etc., depending upon the issuing company. However, the structure remains the same, notwithstanding the name. The term

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First Published: Mar 23 2002 | 12:00 AM IST

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