Examlex
Discuss pricing strategies for service firms.
Bond Dealers
Firms or individuals that trade in bonds, acting as intermediaries between buyers and sellers and often holding an inventory of bonds to facilitate transactions.
Refunding
In finance, refunding refers to the process where an entity replaces an existing debt obligation with a new debt obligation under different terms, typically to take advantage of more favorable interest rates.
High-Coupon Debt
Bonds that offer higher interest payments due to having a high coupon rate, typically reflecting higher risk or longer maturity.
Interest Payments
Regular payments made to bondholders, representing the interest earned on the bond's face value for a certain period.
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