投资学英文课件Chap014.pptVIP

CHAPTER 14;Bonds are debt. Issuers are borrowers and holders are creditors. The indenture is the contract between the issuer and the bondholder. The indenture gives the coupon rate, maturity date, and par value. ;Face or par value is typically $1000; this is the principal repaid at maturity. The coupon rate determines the interest payment. Interest is usually paid semiannually. The coupon rate can be zero. Interest payments are called “coupon payments”.;U.S. Treasury Bonds;Corporate Bonds;Preferred Stock;Innovation in the Bond Market;Table 14.1 Principal and Interest Payments for a Treasury In