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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 ...
In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: if each box of a given product (e.g., breakfast cereals) contains a coupon, and there are n different types of coupons, what is the probability that more than t boxes need to be bought ...
In the United States a longer duty cycle is used, 50% for battery-powered buoys (20 seconds on, 20 seconds off) and 75% for on-shore beacons. Ramarks are wide-band beacons which transmit continuously on the radar bands without having to be triggered by an incoming radar signal. The transmission forms a line of Morse characters on the display ...
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