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The discount rate was cut by 50 bp—to 5.75% from 6.25%—and the term of loans was extended from overnight to up to thirty days. That reduced the spread of the primary credit rate over the federal funds rate from 100 basis points to 50 basis points.
Stewart's father Dick Jr. purchased a West Kelowna vineyard in 1956 which Ben would later incorporate as Quails' Gate Estate Winery. [2] Along with his wife, Ruth, and brother, Tony, they began making their own wine in 1989, with bottling beginning in 1990. [3] In the first couple of years, they were producing about 4,000 cases of wine. [4]
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. [2] 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.
Polytetrafluoroethylene is a fluorocarbon solid, as it is a high-molecular-weight polymer consisting wholly of carbon and fluorine.PTFE is hydrophobic: neither water nor water-containing substances wet PTFE, as fluorocarbons exhibit only small London dispersion forces due to the low electric polarizability of fluorine.
The Economist is a weekly newspaper published in printed magazine format and digitally.It focuses on current affairs, international business, politics, technology, and culture, and is mostly written and edited in Britain. [8]
Cards may be issued as part of a loyalty program, offering discounts to existing customers to ensure their continuing custom; they may be offered free of charge, offering a modest discount with the intention of persuading purchasers to patronise participating shops; or they may be sold to members, offering larger discounts—for example, the tastecard offers 50% discounts at many restaurants ...
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