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The administrative divisions of New York are the various units of government that provide local services in the American state of New York. The state is divided into boroughs, counties, cities, towns, and villages. (The only boroughs, the five boroughs of New York City, have the same boundaries as their respective counties.)
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 $1,000 and a coupon rate of 5%, then it pays total coupons of $50 per year.
Of the roughly 50,000 people in public shelters in those four cities, the state government estimates that around 15% will need longer-term accommodation in the temporary structures.
A zero-coupon bond (also discount bond or deep discount bond) is a bond in which the face value is repaid at the time of maturity. Unlike regular bonds, it does not make periodic interest payments or have so-called coupons, hence the term zero-coupon bond.
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At least 13 analysts raised their target price on Apple, pushing up the median view to $200, which is 15% higher than the stock's last closing price.
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