The Golden Lounge

[Theo]

I had to look up what a "strip bond" even was lol. From everything I read, "A stripped bond is a bond that has had its coupon payments and principal repayment "stripped" into two separate components that are then sold individually."

I would have to assume based on your story that you bought the bond without the coupon/interest income, therefore, the purchase price of the bond would have been sold to you at a larger discount then would have occurred if you had bought the bond AND were to receive the interest. Your advantage, is that you get the full value of the bond at maturity but payed a lot less than someone who bought it with coupon.

But let me be perfectly clear- I know absolutely nothing about the bond market...