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Zero coupon bonds have a duration equal to the bond's time to maturity, which makes them sensitive to any changes in the interest rates. Investment banks or dealers may separate coupons from the principal of coupon bonds, which is known as the residue, so that different investors may receive the principal and each of the coupon payments.
A 1974 postage stamp encouraging people to use the ZIP Code on letters and parcels. A ZIP Code (an acronym for Zone Improvement Plan [1]) is a system of postal codes used by the United States Postal Service (USPS).
Chart of the Morse code 26 letters and 10 numerals [1]. This Morse key was originally used by Gotthard railway, later by a shortwave radio amateur [2]. Morse code is a telecommunications method which encodes text characters as standardized sequences of two different signal durations, called dots and dashes, or dits and dahs.
The worldwide postal system constituting the individual national postal systems of the world's self-governing states is coordinated by the Universal Postal Union, which among other things sets international postage rates, defines standards for postage stamps and operates the system of international reply coupons.
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.
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