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Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. [2] For example, if a bond has a face value of $1,000 and a coupon rate of 5%, then it pays total coupons of $50 per year.
Ulmus americana, generally known as the American elm or, less commonly, as the white elm or water elm, [a] is a species of elm native to eastern North America. The trees can live for several hundred years. It is a very hardy species that can withstand low winter temperatures, but it is affected by Dutch elm disease.
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