债券市场分析和策略第7版答案及解析.docVIP

.WORD完美.格式编辑. PAGE .技术资料.专业整理. CHAPTER 2 PRICING OF BONDS CHAPTER SUMMARY This chapter will focus on the time value of money and how to calculate the price of a bond. When pricing a bond it is necessary to estimate the expected cash flows and determine the appropriate yield at which to discount the expected cash flows. Among other aspects of a bond, we will look at the reasons why the price of a bond changes REVIEW OF TIME VALUE OF MONEY Money has time value because of the opp