Identify a zero-coupon bond that has a convertible feature.

DISCUSSION:
1. Identify a zero-coupon bond that has a convertible feature. (p. 46)

2. Discuss the tax implications of investing in zeros in a taxable account. (p. 45)

3. How might zero-coupon bonds be utilized by a parent looking to save enough dollars to fund a college education for his daughter? (p.45)