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Step up bond (See Chapter 21 of the Vernimmen)
A "step up bond" specifies that the coupon payable increases over time. It could be a one-off large increase, or a more frequent small increase, or any other type of combination.
Step up bond (See Chapter 21 of the Vernimmen)
A "step up bond" specifies that the coupon payable increases over time. It could be a one-off large increase, or a more frequent small increase, or any other type of combination.
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