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Zero coupon bonds have a duration equal to the bond's time to maturity, which makes them sensitive to any changes in the interest rates. Investment banks or dealers may separate coupons from the principal of coupon bonds, which is known as the residue, so that different investors may receive the principal and each of the coupon payments.
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Discounts and allowances, reductions in the basic prices of goods or services; Discounting, a financial mechanism in which a debtor obtains the right to delay payments to a creditor; Delay discounting, the decrease in perceived value of receiving a good at a later date compared with receiving it at an earlier date; Discount store
Bose store in Century City Bose store at the Hong Kong International Airport. The company was founded in Massachusetts in 1964 by Amar Bose with angel investor funding, including Amar's thesis advisor and professor, Y. W. Lee. [9] Bose's interest in speaker systems had begun in 1956 when he purchased an audio system and was disappointed with its performance. [10]
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