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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 Dover Patrol closed off the narrow English Channel, while the Northern Patrol closed the North Sea across the 155 miles (249 km) gap between Shetland and Norway, supported by the huge Grand Fleet based at Scapa Flow in Orkney. [21] A British submarine flotilla operated in the Baltic Sea to impede the supply of Swedish iron ore to Germany. [22]
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