From the corporate issuer viewpoint a zero coupon bond allows the firm to defer payment obligations until the bond matures

• C. Defer payment obligations

Explanation:

With zero coupon bonds, the issuer can effectively defer payment obligations until the interest payment maturity. This bond does not require periodic interest payments and when the bond matures, the investor receives its face value. This is an advantage to the issue because the company is protected by continuous changes in interests rates and the urge to make regular interests for the bond.