The present value of the bond will fluctuate widely with changes in prevailing interest rates since there are no regular interest payments to stabilize the value. (investopedia.com)
This is a rate of return that far exceeds that available at prevailing interest rates on government bonds. (en.wikipedia.org)
If prevailing interest rates rise after the bond is issued, newer bonds will pay higher coupons than the older one. (sapling.com)