息票

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效期高于十年并带有息票的政府债券，利息每半年支付。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果在这一时期，一个高等级，无法回购的12%息票的长期债券存在的话，也会卖的远远超过票面价值的。