公司理财第五版高等院校双语教材·金融系列-CHAPTER 5( 34页) 精编版.pptVIP

COPYRIGHT?ZHULI Chapter 5 Valuing bonds Objectives Distinguish among a bond’s coupon rate, current yield, and yield to maturity Find the market price of a bond given its yield to maturity, find a bond’s yield given its price, and demonstrate why prices and yields vary inversely Show why bonds exhibit interest rate risk Understand why investors pay attention to bond ratings and demand a higher interest rate for bonds with low ratings Content Bond characteristics Interest rates and bond prices Current yield and yield to maturity Bond rates of return The yield curve Corporate bonds and the r