Examlex
Which of the following is an example of a bundled product?
Strip Bonds
Bonds that have had their principal and coupon payments separated, or "stripped", creating two distinct types of securities: zero-coupon bonds and interest payment coupons.
Compounded Monthly
Refers to the process of adding interest to the principal balance of a loan or investment on a monthly basis, allowing the interest to then earn interest in the subsequent months.
Quadruple
To multiply or increase fourfold; also refers to a quantity that is four times as large as another.
Effective Annual Rate
The interest rate that is adjusted for compounding over a yearly period.
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