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2. Financial economics - Wikipedia

   en.wikipedia.org/wiki/Financial_economics

   Bond valuation, in that cashflows (coupons and return of principal, or "Face value") are deterministic, may proceed in the same fashion. [23] An immediate extension, Arbitrage-free bond pricing , discounts each cashflow at the market derived rate – i.e. at each coupon's corresponding zero rate , and of equivalent credit worthiness – as ...