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The discount rate was cut by 50 bp—to 5.75% from 6.25%—and the term of loans was extended from overnight to up to thirty days. That reduced the spread of the primary credit rate over the federal funds rate from 100 basis points to 50 basis points.
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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 Andromeda Galaxy is known to harbor a dense and compact star cluster at its very center, similar to our own galaxy. A large telescope creates a visual impression of a star embedded in the more diffuse surrounding bulge. In 1991, the Hubble Space Telescope was used to image the Andromeda Galaxy's inner nucleus.
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