英语翻译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'

来源：学生作业帮助网编辑：六六作业网时间：2024/11/23 20:24:46

英语翻译ZERO-COUPONBONDSAzero-couponbond(alsocalledapure-discountbond)isabondthatmakesnopaymentsuntilits

英语翻译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'
英语翻译
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) can be used to value a zero-coupon bond,or to determine its YTM.
EXAMPLE Computing the YTM of a J.C.Penney Zero-Coupon Bond
J.C.Penney has a zero-coupon bond that will pay $1,000 at maturity in exactly 20 years.The bond is selling for $178.43.What is its YTM?
Using Equation (5.1) with semiannual compounding6 and CPN/2 = 0
The r12 that solves this is 4.40,so the YTM is 8.8% (= 2[4.4]).
Review
1.A recent bond quote provides a good estimate of a bond’s value.How else can you estimate the value of a bond?
2.What is the fair price of a Texaco bond that has an 8% coupon rate,a required return of 10%,matures in exactly 4 years?
3.What is a yield to maturity (YTM)?How do you compute it?
用金山快译 google 或者yahoo翻译的就不要贴上来浪费您宝贵时间啦!

英语翻译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'
零息债券
零息债券(又称纯折扣债券）是一种在到期日前不做任何支付的债券.它的面值
是由本金和发行期间所产生的利息组成的,而且是在到期日支付.虽然各种零息债券看上去差别很大,但方程5.1可以用来测度一种零息债券的价值,或者决定它的到期收益率.
案例：计算J.C.penney公司的零息债券的到期收益率
J.C.Penney公司发行了一种20年期的面值为1000美元的零息债券.这种债券售价178.43美元.它的到期收益率是多少?
设半年复利为6%,CPN/2 = 0 ,用方程5.1计算
r12算出来是4.40,说以到期收益率为8.8%（=2*4.4）
复习:
1.债券的近期报价很好地估计了债券的价值.你还能用其它方法估算一种债券的价值吗?
2.Texaco公司的一种年复利为8%,期望收益率为10%的4年期债券的合理价格是多少?
3.什么是到期收益率?你怎么计算它?
补充：Using Equation (5.1) with semiannual compounding6 and CPN/2 = 0
The r12 that solves this is 4.40,so the YTM is 8.8% (= 2[4.4]).这两句单独贴出来还是有点confused,你可以把那个计算公式贴出来,更好理解一点.

全部展开

一个ZERO-COUPON ZERO-COUPON债券pure-discount债券(亦称债券)是一种债券,没有支付到期。它的票面价值,这是支付到期,是综合还本付息和所有的兴趣超过了债券的生活。尽管差别,方程(51)可以用来值zero-coupon债券,或确定它的利率。

实例计算的Zero-Coupon J.C. Penney利率债券
有一个zero-coupon J.C. Penney将支付1000美元的债券,恰好在20年到期。债券卖178.43美元。它的利率是什么?
用方程(51),半年compounding6与尼共(2 = 0

这是解决这个r12,所以利率为4.40(= 2 8.8%[4.4])。

回顾
1。最近的债券报价提供了一个良好的债券的价值估计。你如何评估债券的价值吗?
2。什么是公平的价格有8%的国内债券的票面利率,必须返回的10%,恰好在4年到期?
3。什么是到期利率)吗?你如何计算呢?

收起

英语翻译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' 关于forward rate 和 bond pricesuppose the forward interest rate in year0 ,year1,year2.year3,are5%,7%,9% and 10% repectively.What is the price of 3-year zero coupon bond with par value of $1000? Question 5 Four years ago,you invested in a zero coupon bond with a face value of $1,000 thathad a YTM of 8% and 9 years left until maturity.Today,that bond has a YTM of 5%.Due to a financial emergency,you are forced to sell the bond.What is your cap Coupon rate和bond yield的区别是什么? coupon interest 和 bond interest rate 的区别 You own a $1,000-par zero-coupon bond that has 5 years of remaining maturity.You plan on selling the bond in one year,and believe that the required yield next year will have the following probability distribution:Probability Required Yield 0.1 6.60% Suppose that in January 2040,you buy a 30-year zero-coupon U.S.Treasury bond with a maturity value of $100,000 and a yield of 5% annually.(a) How much do you pay for the bond?(Round your answer to the nearest cent.)$ (b) Suppose that,15 years later,i coupon coupon 英语翻译Observe that the bond highlighted in figure 16.5 has a maturity date of October 2001 and a coupon equal to 10 per cent of the face value of the bond.That is,10 per cent,or $100 a year on a bond with a face value of $100,will be paid until 债券里面的 yield-to-maturity（YTM）、coupon rate、bond yield区别是什么啊 1.The COUPON RATE on a coupon bond with a purchase price of $2,500,a $3,000 face value.1.The COUPON RATE on a coupon bond with a purchase price of $2,500,a $3,000 face value,annual coupon payments of $125,and a 4-year maturity isA.the coupon payment 英语翻译A 20-year corporate bond has apar value of ＄1,000 and a 9 percent annual coupon rate.Assume that your required rateof return is 10 percent and that you plan to hold on to this bond for 5 years.You,and the market,have expectations that i A fund manager has known liabilities of £10,000 in each of the next four years.She has been asked to construct a portfolio comprising:A 1-year,6% coupon bond,with par value £1000,that pays its coupon annuallyA 3-year,7.5% coupon bond,with p @Zero coupon是什么意思 the government has issued a bond that will pay $1000 in 25 years.the bond will pay no interim coupon payments.what is the present value of the bond if the discount rate is 10 present?一道公司理财的问题...不太明白题意...所以不知道 .The return on a $1,000 face value and 10% coupon rate bond that initially sells for $1,000 and sells for $1,200 next year isA.15%.B.20%.C.30%.D.33%.