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What are the coupon bonds security instruments?
Coupon bonds are contractual agreements by the borrowers to make regular payments (known as coupons or interest) until a specified date (the maturity date), when the amount borrowed (principal) is repaid. The maturity is the time to the expiration date of the debt instrument. Coupon bonds deliver different types of cash flow to the bondholder.
The Role of Merchant Banker The issuer appoints the Merchant Banker (or Investment Banker) to undertake the issue activity. A Merchant Banker performs multiple functions during
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