公司理财精要9版-英文-第7章.pptVIP

CHAPTER 7 Interest rates and bond valuation Bonds and bond valuation When a corporation or government wishes to borrow to borrow money from the public on a long-term basis, it usually does so by issuing or selling debt securities that are generically called bonds. Figure 7.1 cash flows for Xanth Co. bond 7.1.3 Interest rate risk Interest rate risk 7.1.4 Finding the yield to maturity: more trail and error “plug and chug” Engineer-speak for a problem or part of a problem where numbers can be plugged into an equation, at which point the answer can be chugged by a calculator.Yeah, so then y