How to find interest rate of a zero coupon bond
About Zero Coupon Bond Calculator . The Zero Coupon Bond Calculator is used to calculate the zero-coupon bond value. Zero Coupon Bond Definition. A zero-coupon bond is a bond bought at a price lower than its face value, with the face value repaid at the time of maturity. It does not make periodic interest payments. A zero-coupon bond is a bond without coupons, and its coupon rate is 0%. The issuer only pays an amount equal to the face value of the bond at the maturity date. Instead of paying interest, the issuer sells the bond at a price less than the face value at any time before the maturity date.