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The current average interest rate for a 30-year fixed mortgage is 7.33% for purchase and 7.30% for refinance, up 2 basis points from 7.35% for purchase and down 1 basis point from 7.34% for ...
The Northrop B-2 Spirit, also known as the Stealth Bomber, is an American heavy strategic bomber, featuring low-observable stealth technology designed to penetrate dense anti-aircraft defenses. A subsonic flying wing with a crew of two, the plane was designed by Northrop (later Northrop Grumman) as the prime contractor, with Boeing, Hughes, and ...
Coupon collector's problem. In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: If each box of a brand of cereals contains a coupon, and there are n different types of coupons, what is the probability that more than t boxes need to be ...
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 ...
Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount compared to ...
Buy one, get one free. " Buy one, get one free " or " two for the price of one " is a common form of sales promotion. Economist Alex Tabarrok has argued that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion ...