教学课件 财务管理理论与实践.ppt

This formalizes the calculations we have been doing. * Point out that the coupon rate was the cost of debt for the company when the bond was issued. We are interested in the rate we would have to pay on newly issued debt, which could be very different from past rates. * * Point out that students do not have to compute the YTM based on the entire face amount. They can still use a single bond. * Click on the Excel icon to see the graph of the break-even analysis * * * * * * Point out that one consequence of the wider availability of information and lower transaction costs is that the market will