公司理财(双语)4valuing bonds.pptVIP

Bonds A bond is a security that pays a stated amount of interest to the investor, then at maturity, it repurchased by the issuing company. simply a long-term loan. Bonds (the indenture) A bond is a legally binding agreement between a borrower and a lender that specifies the: Par (face) value ---principal Coupon rate Coupon payment Maturity Date The yield to maturity is the required market interest rate on the bond. Bonds Face value is the stated value of an asset. In the case of a bond, the face value is usually $1000 The face value is supposed to be paid back to the bondholders as the