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Fixed-rate BondIn finance, a Fixed-rate bond is a security issued by a government or a business corporation that pays a fixed amount of interest (coupon rate) on the face value (principal/par value) of the bond periodically (often every six months or annually) to the owner until a date certain, called the maturity date, at that time the principal amount (and any outstanding interest) of the bond is paid off to the bond holder and the bond cancelled. See also
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