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In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond . 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 ...
The CVO-school, established in January 1993, is run along conventional lines. [citation needed] It boasts of a 100% matric pass rate since its inception. In 2014 enrollment was 225 students, with some coming from neighbouring towns. The school is growing, and had 400 students by 2021.
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