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What Is a Weighted Average Coupon (WAC)?

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A weighted average coupon (WAC) is the weighted average of the coupons of all the bonds in a portfolio. The weighting is based on the market value of each bond. The weighted average coupon is used to give a more accurate picture of the portfolio’s average interest rate. This is because bonds with higher coupons … Read more

Accounting Currency.

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The accounting currency is the currency in which an organization’s financial statements are prepared. The accounting currency is usually the same as the functional currency, but may be different if the organization has operations in multiple countries. What are the 8 branches of accounting? The 8 branches of accounting are: 1) Public accounting 2) Management … Read more