Definition
A bond's annual interest payment as a percentage of face value.
Why it’s relevant today
Older coupons can look attractive or weak as market rates change.
Why it matters
Coupon rate is not the same as an investor's current yield.
A bond's annual interest payment as a percentage of face value.
Older coupons can look attractive or weak as market rates change.
Coupon rate is not the same as an investor's current yield.
Discussion
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