金融学：基于理论演进视角 06第六章 债券价值评估.pptVIP

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * First Solution Method * Second Solution Method * Conclusion The first method uses the fact that a coupon bond is the sum of pure discount bonds it is fast and direct The second method first determines the yields-to-maturity of each discount bond cash flows are then evaluated using them * Coupon Bonds, Current Yield, and Yield to Maturity A coupon bond obligates the issuer to make periodic payments of interest (called coupon payments) to the bond holder until the bond matures at which time the face value of the bond is also