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Duration is a weighted average of the present value of a bond’s money flows, which embrace a series of standard coupon payments followed by a a lot larger fee at the tip when the bond matures and the face value is repaid, as illustrated below. The U.S. House Energy and Commerce Committee will hold a collection of hearings to study offers among Qwest (Q), Global Crossing, FLAG Telecom and Cable & Wireless (CWP). The deal is the latest in a collection of mergers in European biotechnology this year designed to chop prices and give critical mass to a sector that dangers slipping off the funding map. What did a yr of public school tuition, room and board value in 1980? Former Vivendi (V) chairman Jean-Marie Messier put his previous company on the spot by displaying up for a board assembly, three months after being booted from its debt-laden mother or father. Ordinarily, the company makes its huge changes alongside new variations of iOS, or to make a splash with a new iPhone.

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