内容公司理财chap.pptxVIP

Chapter 5 Fundamentals of Corporate Finance Fifth Edition Slides by Matthew Will McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved Valuing Bonds Topics Covered Bond Characteristics reading the financial pages Interest Rates and Bond Prices Current Yield and Yield to Maturity Bond Rates and Returns The Yield Curve Corporate Bonds and the Risk of Default Bonds Terminology Bond - Security that obligates the issuer to make specified payments to the bondholder. Coupon - The interest payments made to the bondholder. Face Value (Par Value or Principal Value)