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Graph of number of coupons, n vs the expected number of trials (i.e., time) needed to collect them all, E (T ) In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests.
Duration (finance) In finance, the duration of a financial asset that consists of fixed cash flows, such as a bond, is the weighted average of the times until those fixed cash flows are received. When the price of an asset is considered as a function of yield, duration also measures the price sensitivity to yield, the rate of change of price ...
In finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium-term notes, swaps, and forward rate agreements (FRAs). This determines the number of days between two coupon payments, thus calculating the amount transferred on payment dates and also the ...
The airline ticket may be one of two types: a paper ticket, which comprises coupons or vouchers; and an electronic ticket (commonly referred to as an e-ticket ). The ticket, in either form, is required to obtain a boarding pass during check-in at the airport. Then with the boarding pass and the attached ticket, the passenger is allowed to board ...
Risk-free rate. The risk-free rate of return, usually shortened to the risk-free rate, is the rate of return of a hypothetical investment with scheduled payments over a fixed period of time that is assumed to meet all payment obligations. [ 1]
Original issue discount. Original Issue Discount ( OID) is a type of interest that is not payable as it accrues. OID is normally created when a debt, usually a bond, is issued at a discount. In effect, selling a bond at a discount converts stated principal into a return on investment, or interest. The accurate determination of principal and ...
If you've ever used a coupon to make a purchase you are part of the 94% of adults who have made couponing so prevalent in today's society. What is surprising is that when most shoppers encounter a ...
Binary logarithm. Graph of log2 x as a function of a positive real number x. In mathematics, the binary logarithm ( log2 n) is the power to which the number 2 must be raised to obtain the value n. That is, for any real number x , For example, the binary logarithm of 1 is 0, the binary logarithm of 2 is 1, the binary logarithm of 4 is 2, and the ...