Like a loan, a bond typically has a fixed interest rate and a maturity date. The bondholder receives periodic interest payments, known as coupons ... erase risk from the equation.

In general, this price risk is greater the longer the bond’s maturity and the lower its coupon. Early redemption features (see Prepayment Risk, below) also affect the equation. Illiquidity Risk ...

The Level 3 Financing Inc.-Bond has a maturity date of 5/15/2030 and offers a coupon of 10.5000%. The payment of the coupon will take place 2.0 times per biannual on the 15.11.. The Level 3 ...