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current coupon

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Financial Dictionary

current coupon

Of or relating to a bond with an interest coupon very close to the coupons being carried on new issues of the same maturity. Therefore the bond must be selling at a price close to its par value. Also called full coupon.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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