What is a pure discount bond what is the term structure, Finance Basics

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What is a pure discount bond what is the term structure

1. What is a pure discount bond?

2. What is the term structure of interest rates? How are spot interest rates determined from coupon bond prices?

3. How does a coupon bond's yield to maturity differ from the spot interest rate that applies to cash flows occurring at the maturity of the bond? When are the two the same?

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Finance Basics: What is a pure discount bond what is the term structure

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Finance Basics: What is a pure discount bond what is the term structure

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