1. Every dynamic mean-variance efficient strategy can be viewed as buy-and-hold combinations of two funds: the zero-coupon bond and a continuously rebalanced portfolio.

2. Applying structural approach to modeling default risk, the pricing of default risk zero-coupon bond and a credit spread term structure under incomplete information is developed.

3. In this paper, I first review the theory and models of term structure of interest rates and the pricing theory of the zero-coupon bond, the CKLS model is greatly examined.

4. This paper investigates the optimal investment portfolio with stock, defaultable zero-coupon bond, treasury bond and money market account when the investor faces default risk.

5. For example, as a preparer or user, knowing that a zero-coupon bond matures in 10 years, how do you use the implicit interest rate to compute the periodic interest expense?