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Discounting. In finance, discounting is a mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee. [1] Essentially, the party that owes money in the present purchases the right to delay the payment until some future date. [2]
Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. For example, if a bond has a face value of $1,000 and a coupon rate of 5%, then it pays total coupons of $50 per year.
Arizona is the sixth largest state by area, ranked after New Mexico and before Nevada. Of the state's 113,998 square miles (295,000 km 2 ), approximately 15% is privately owned. The remaining area is public forest and parkland, state trust land and Native American reservations.
Saturn is the sixth planet from the Sun and the second-largest in the Solar System, after Jupiter. It is a gas giant with an average radius of about nine-and-a-half times that of Earth. [26] [27] It has only one-eighth the average density of Earth, but is over 95 times more massive.