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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.
Two cookies = 200% as many as one cookie, or 100% more than one cookie. This is two cookies. These cookies are stacked up in a way that suggests someone is going to eat both of them. If one cookie is 100%, then two cookies is 200%. The lucky person is going to eat 200% as many cookies as our first section. The number of cookies in this section ...