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Fungible Issue

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Fungible Issue
A newly issued bond with the same terms as a previous one. That is, a fungible issue and the previous bond will have the same coupon rate, maturity and so forth.


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Unlike interest rate exposures which can be hedged with underlying fixed interest instruments, the essence of real estate is that it is not a fungible issue.
Unlike interest rate exposures which can be hedged with underlying fixed interest instruments, the essence of real estate is that it is not a fungible issue.
 
 
 
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