The serial bond interest rate fluctuates due to the periodic installments. After each payment the current prevailing rate is used to calculate the next periods interest.

Name: The serial bond interest rate fluctuates due to the periodic installments. After each payment the current prevailing rate is used to calculate the next periods interest.
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Serial bonds have fixed interest rates for each bond in the series, and the interest does not fluctuate with periodic installments.

The Serial Bond Interest Rate Fluctuates Due to the Periodic