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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.
A specialized trash collection truck providing regular municipal trash collection in a neighborhood in Stockholm, Sweden Waste pickers burning e-waste in Agbogbloshie, a site near Accra in Ghana that processes large volumes of international electronic waste. The pickers burn the plastics off of materials and collect the metals for recycling ...
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