- Wealth PMS (50L+)
Bonds are strange beasts. You can have:A bond that pays regular interest (monthly, quarterly, annually) Or one that pays only cumulative interest at the end of a term. And then you can have a "callable" bond - the company can buy the bond back after a certain amount of time. And also, you can have "put" options on bonds - you may be able to sell it back to the issuer at a fixed price after a certain time.
Bond Baba analyzed the first kind of bond in a tutorial in . . .