公司理财教学资料.pptxVIP

Chapter OutlineBonds and Bond ValuationBond FeaturesBond RatingsSome Different Types of BondsBond MarketsInflation and Interest RatesDeterminants of Bond Y 牛牛文库文档分享7-Market Values ($ Trillion) 牛牛文库文档分享Value of outstanding issuesBonds and Bond V 牛牛文库文档分享A bond is a legally binding agreement between a borrower and a lender that specifies the:Par (face) valueCoupon rateCoupon paymentMaturity DateThe yield to maturity is the required market interest rate on the bond.Do not confuse the coupon rate with the required market interest rateBond DefinitionsBondPar value (face value)Coupon rateCoupon paym