【PPT精品课件】货币金融学7版英文课件--4-大学课件20.pptVIP

;Four Types of Credit Instruments 1. Simple loan 2. Fixed-payment loan 3. Coupon bond 4. Discount (zero coupon) bond Concept of Present Value Simple loan of $1 at 10% interest Year 1 2 3 n $1.10 $1.21 $1.33 $1x(1 + i)n $1 PV of future $1 = (1 + i)n;Yield to Maturity: Loans;Yield to Maturity: Bonds;Relationship Between Price and Yield to Maturity;Current Yield;Bond Page of the Newspaper:Canada Bonds;Bond Page of the Newspaper:Provincial and Municipal Bonds;Bond Page of the Newspaper:Corporate Bonds;Distinction Between Interest Rates and Returns;Key Facts about RelationshipBetwe