Examlex
Which of the following is not one of the three phases in the evolution of CRM?
Coupon Bonds
Debt securities that pay the holder a fixed interest rate (coupon rate) over the life of the bond, culminating in the principal amount at maturity.
Pay Interest
The act of making periodic payments to lenders as compensation for borrowing money.
Coupon Rate
The yearly rate of interest distributed on a bond, represented as a percentage of its principal value, from the moment it is issued until it reaches its maturity date.
Par Value
The stated value of a financial instrument such as a bond or stock, as declared by the issuer.
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