31.   The gain from leverage arises because the interest payments on bonds are tax-deductible whereas the dividend payments on shares are not.

32.   This arises because the futures contract is traded at a clean price and does not include accrued interest payments.

33.   Dividends or interest payments.

34.   During the eighties the holders of debt from those countries which found it difficult to make interest payments found it impossible to take effective remedial action.

35.   Unfortunately this is not always the case and gross fluctuations bring the risk of being unable to meet interest payments on borrowings.

36.   Debt financing occurs where a sum of money is borrowed for a period of time and the borrower makes interest payments and principal repayments according to an agreed timetable.

37.   These comprise mainly mortgage interest, pension fund contributions and life insurance premiums and are captured in the form of where M is mortgage interest payment.

38.   This lagged indexing means that throughout the trading during any six-month period, the precise money value of the next interest payment is known.

39.   How do the prices relate to their interest payments and their closeness to maturity?