Examlex
Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
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Annual Coupon
The yearly interest payment made by a bond issuer to its bondholders.
Market Rate
The prevailing interest rate available in the marketplace on investments or loans.
Sinking Funds
A fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset over time.
Bondholders
Individuals or entities who hold the debt securities issued by corporations or governmental entities, thereby lending them money in return for interest payments and the repayment of principal.
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