STRIPPED YIELD Definition

STRIPPED YIELD is the annual dollar dividend of a preferred stock divided by its stripped price.

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ACCOUNT is the detailed record of a particular asset, liability, owners equity, revenue or expense.

LONDON INTERBANK OFFERED RATE (LIBOR) is the rate that the most creditworthy international banks that deal in Eurodollars charge each other for large loans. It is equivalent to the federal funds rate in the U.S.

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