On February 2, 2016, an investor held some Province of Ontario stripped coupons in a self administered RRSP at ScotiaMcleod, an investment dealer. Each coupon represented a promise to pay $100 at the maturity date on February 2. 2027, but the investor would receive nothing until then. The value of the coupon showed as $76.24 on the investor's screen. This means that the investor was giving up $76 74 on February 2, 2016, in exchange for $100 to be received just less than six years later