Question
Which one of the following best describes the term coupon rate as applied to debenture stock? A. The annual interest received divided by the current
Which one of the following best describes the term "coupon rate" as applied to debenture stock?
| A. | The annual interest received divided by the current ex-interest market price of the stock | |
| B. | The rate of stamp duty applicable to purchases of the stock | |
| C. | The annual interest received divided by the current cum-interest market price of the stock | |
| D. | The annual interest received on the face value of the units of the stock |
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Microfinance Handbook An Institutional And Financial Perspective
Authors: Joanna Ledgerwood
1st Edition
0821343068, 978-0821343067
