财务管理第六部分课程.pptVIP

example: ATT 8 24 par value = $1000 coupon = 8% of par value per year. = $80 per year ($40 every 6 months). maturity = 24 years (matures in 2024). issued by ATT. example: ATT 8 24 par value = $1000 coupon = 8% of par value per year. = $80 per year ($40 every 6 months). maturity = 24 years (matures in 2024). issued by ATT. Types of Bonds Debentures - unsecured bonds. Subordinated debentures - unsecured “junior” debt. Mortgage bonds - secured bonds. Zeros - bonds that pay only par value at maturity; no coupons. Junk bonds - speculative or below-investment grade bonds; rated BB and be