无息债券 (Zero Coupon Bond) 是指债券无附设任何利息回报，发行机构以债券票面值在到期日偿还债券本金，故无息债券市价必定给予较票面值较大折让。基本定义 无息债券是指采用以复利计算的一次性付息方式付息的债券。无息债券又称“无息票债券”。按面值折扣发行，到期按面值十足还本的债券。主要被那些因此可以免缴...
ZERO-COUPON BONDS A zero-coupon bond (also called a pure-discount bond) is a bond that makes no payments until its maturity.Its par value,which is paid at maturity,is the combined repayment of principal and all the interest over the bond's life.Despite the seeming difference,Equation (5.1...
Zero Coupon Bond A bond that is issued and sold at a discount, pays no coupons and provides payment of the face value at maturity. 零息债券打折出售的到期不支付利息只支付面值的债券。 wenku.baidu.com 2. There are two kinds of methods for deduction of zero coupon bond yield curve: direct ...
无息债券;无息债券 (Zero Coupon Bond) 债券无附设任何利息回报，发行机构以债券票面值在到期日偿还债券本金，故无息债券市价必定给予较票面值较大折让。 我国一次还本付息债券可视为无息债券.双语例句 1 The zero coupon bond and coupon bond pricing equation are then derived;运用套期保值和套利定...
Zero-coupon bond,即零息票债券,是一种具有特殊性质的债券。总的来说,这种债券在持有期间不支付任何利息,而是以低于面值的价格发行,到期时按面值偿还本金,投资者的收益来源于购买价格与到期面值之间的差额。 债券特性 首先,零息票债券的最显著特性是在整个持有期间不支付任何利息...
Zero-CouponBonds(PureDiscountBonds)•Thepriceofazero-couponbondthatpaysFdollarsinnperiodsisF/(1+r)n,whereristheinterestrateperperiod.•Ca..
duration可以看做是现金流以时间为权重的加权平均。对于同样期限的债券，coupon rate高，则现金流的重心就往前移，总体的duration就变短变小，所以，coupon rate越高，duration越低，呈负相关。例如，面值100元，5年期债券，每年年底付息，市场利率为10%，若coupon rate为8%，则债券价格为92.42元，...
An optimal system of one-dimensional subalgebra is derived and used to construct distinct families of special closed-form solutions of the equation.%将李群理论用于金融问题中出现的数学模型的微分方程,研究了Zero-Coupon bond pricing模型.求出了该模型的单参数李点对称及它相应的群伴随表达式,由此求得该...
The interest earned on a zero-coupon bond is animputed interest, meaning that it is an estimated interest rate for the bond and not an established interest rate. For example, a bond with a face value of $20,000 that matures in 20 years, with a 5.5% yield, may be purchased for roughl...
贴现债券贴现债券(pure discount bond),又称零息债券(zero-coupon bond),是一种以低于面值的贴现方式发行,不 支付利息,到期按债券面值偿