maturity value,redemptionvalue,or principal valueof a bond. Bonds can have a par value of any amount, and their prices are quoted as a percentage of par. A bond with a par value of $1,000 quoted at 98 is selling for $980. Hong Kong, HKD 50k, Europe, 100....
Therate of returnon abondif it is held untilmaturity. This is expressed as an annual rate; the calculation of the YTM includes thecoupon rate(if any), length of the bond,market value, andface value. Bondquotesare made in terms of the YTM, but an individualinvestor'syield may be differ...
If you don't reinvest the coupons, you'll have a different ending value - you'll just have the face value of the bond plus the coupons. So the initial coupons just sit as cash until the bond matures, when in reality, investors will take the coupons cash and reinvest it somewhere. I...
Nominal yield, or the coupon rate, is the stated interest rate of the bond. This yield percentage is the percentage of par value—$5,000 for municipal bonds, and $1,000 for most other bonds — that is usually paid semiannually. Thus, a bond with a $1,000 par value that pays 5% ...
答案是1.6472%（以半年计）。采用金融计算器的按键顺序如下：而discount rate的使用范围就比YTM广多了...
valueDate, maturityDate, issueYear, couponRate, issueValue, BEARING); //初始的时候,净价,全价,收益率,可以只有其中一个,可以通过其中一个算出其他。 BondContract bondContract = new BondContract(calcDate, totalFaceValue, cleanPrice, dirtyPrice...
你好!An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1000 and a current yield of 8.12%.8 每半年付息债券5年内到期。债券面值为1000美元，目前收益率为8.12%。
How to Value a Bond Using Forward Rates YTM and Reinvestment Risk Yield to maturity calculates the total return an investor would earn by holding the bond till maturity. This includes both the coupon income and the capital gains from the bond. It also considers reinvestment income, however, wit...
当bond price = par value时,par rate = YTM = coupon rate =‘average’ of spot rate。即 par rate 是 spot rate 该平价债券在存续期内的‘平均值’。 债券YTM就是持有债券至到期,以期初价格购买债券,并且此后收到债券所有的现金流核算出来的折现率。 基础班有关于这两个概念的讲解,同学可以去听一下,...
没啥区别，本质是一个东西 债券的YTM类似于 多期DISCOUNT的一个平均值