Which of the following bonds pay no interest until maturity?

A) zero-coupon bonds
B) registered bonds
C) serial bonds
D) debenture bonds

Zero-coupon bonds, also known as discount bonds, are bonds that pay no interest until maturity. Instead of periodic interest payments, these bonds are issued at a deep discount to their face value and then redeemed for the full face value at maturity. This means that the investor earns interest in the form of the difference between the purchase price and the face value of the bond.