公司理财教材新bondmarketandalternativeinvestmentrules(3).pptVIP

Bond Market and Alternative Investment Rules 3.1 Valuation of Bonds 3.2 The Term Structure of Interest Rates 3.3 Alternative Investment Rules (1) The Payback Period Rule (2) The Average Accounting Return (3) The Internal Rate of Return (4) The Profitability Index 3.4 Why Use Net Present Value? (RWJ Ch.5,6) 3.1 Valuation of Bonds Example 1： Suppose we observe the following bond prices for default-free zero coupon bonds (pure discount bond, with face value $1,000)： How are the bond prices related with interest rates? The Present Value Formulas for Bonds Pure Discoun