Essentials Of Investments 8th Ed Bodie 投资学精要(第八版)课后习题答案Chap010.doc

Essentials Of Investments 8th Ed Bodie 投资学精要(第八版)课后习题答案Chap010 导读：就爱阅读网友为您分享以下“Essentials Of Investments 8th Ed Bodie 投资学精要(第八版)课后习题答案Chap010”的资讯，希望对您有所帮助，感谢您对92的支持! CHAPTER 10 BOND PRICES AND YIELDS 1. a. Catastrophe bond. Typically issued by an insurance company. They are similar to an insurance policy in that the investor receives coupons and par value, but takes a loss in part or all of the principal if a major insurance claims is filed against the issuer. This is provided in exchange for higher than normal coupons. b. Eurobonds are bonds issued in the currency of one country but sold in other national markets. c. Zero-coupon bonds are bonds that pay no coupons, but do pay a par value at maturity. d. Samurai bond. Yen-denominated bonds sold in Japan by non-Japanese issuers are called Samurai bonds. e. Junk bond. Those rated BBB or above (Samp;P, Fitch) or Baa and above (Moody?s) are considered investment grade bonds, while lower-rated bonds are classified as speculative grade or junk bonds. f. Convertible bond. Convertible bonds may be exchanged, at the bondholder?s discretion, for a specified number of shares of stock. Convertible bondholders “pay” for this option by accepting a lower coupon rate on the security. g. Serial bond. A serial bond is an issue in which the firm sells bonds with staggered maturity dates. As bonds