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The Payment of Interest
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The Issuer of the Paper is the borrower and the holder of paper is the lender. Interest is also known as “Coupon” . Application of the coupon has to be undertood. The interest payment works differently for Money market instruments and Bonds. There is need to learn how the interest payments are done differently. Keywords : Interest in bonds, coupon, calculation of interest, FIS coupon, Money market instruments coupon, interest payment, application of coupons.
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