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Donald van Deventer @dvandeventer on x 2439 followers
Created: 2025-07-22 21:20:12 UTC
@SASSoftware: Coupon payments are subordinate to principal, because there is no recovery on coupons in default. See “The Valuation of Corporate Coupon Bonds,” 2025, Journal of Financial and Quantitative Analysis
Example: @Toyota @SASJapan
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