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Believed to be the first coupon ever, this ticket for a free glass of Coca-Cola was first distributed in 1888 to help promote the drink. By 1913, the company had redeemed 8.5 million tickets. [6] Coca-Cola's 1888-issued "free glass of" is the earliest documented coupon. [6] [7] Coupons were mailed to potential customers and placed in magazines ...
IXL (or I.X.L.) is an historical freedmen's town [1] in Okfuskee County, Oklahoma, United States. [2] While founded perhaps as early as 1900, [1] it was only incorporated in 2001 [3] and had an estimated population of 59 in 2007. [4] The population was 59 at the time of the 2020 census. [5] The source of IXL's unusual [6] name is disputed.
Zero coupon bonds have a duration equal to the bond's time to maturity, which makes them sensitive to any changes in the interest rates. Investment banks or dealers may separate coupons from the principal of coupon bonds, which is known as the residue, so that different investors may receive the principal and each of the coupon payments.