Word: coupon
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When cocktail-party chatter turns to investments these days, it frequently contains a new buzz word: zeros. Short for zero-coupon bonds, the term refers to certificates that pay no interest for a decade or more but then mature into whopping sums. In just 18 months since the bonds were introduced, Wall Street brokerage firms have sold more than $30 billion. Says Katherine Reed, a bond analyst for Drexel Burnham Lambert: "Zeros are really the rage...
...certificates offer several key attractions. Like U.S. Savings Bonds, zeros sell for less than their face value and are much cheaper than conventional bonds. For example, for $4,000 an investor can purchase a zero-coupon certificate that pays 11% interest and is guaranteed to mature to $100,000 in 30 years. Through compounding, the principal and interest grow into that amount over the life of the bond. By contrast, the interest on a coupon bond is periodically paid out rather than compounded, so the investment does not balloon in value...
...newspaper readers in New York City, Chicago and Philadelphia, the ad that promised a 50? saving on purchases of Essent Shampoo was nothing special. But to police authorities, it was the largest sting operation ever organized against coupon crooks...
Tickets for the ECAC semifinals and finals are already on sale at the Boston Garden. But if you want to sit in the student sections, the place to be is the Harvard Hall ticket office tomorrow at 2 p.m., armed with IDs and coupon books. Remember, there's a limit of two tickets per purchaser...
When Nowling balked, Otten accused him of false advertising and filed a suit for the cost of the car. Nowling says no one ever told him he had to specify one coupon per customer. Refusing to settle out of court, he protested: "We have to stand up for what is right. She shouldn't get something for nothing." Otten, who contends that Nowling has received $10,000 in free publicity alone, is confident she will win the case. Meanwhile, she has not stopped collecting coupons...