Why is there so much variation in the coupon rates and prices of these various bonds? asks

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“Why is there so much variation in the coupon rates and prices of these various bonds?” asks one of Jill’s wealthiest clients. How should Jill respond?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...
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