2.1InvestmentValueandMarketPrice
•TheValuationofRisklessSecurities
•Characteristics:esecurities(ernment
bonds);deterministiccashflowstreams
butuncertaintyastothepurchasingpower
(inflationrisk)
•Assumption:nominalandrealpaymen
2.1InvestmentValueandMarketPrice
•TheValuationofRisklessSecurities
•Characteristics:esecurities(ernment
bonds);deterministiccashflowstreams
butuncertaintyastothepurchasingpower
(inflationrisk)
•Assumption:nominalandrealpaymen
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