股票与投资分析Chap010.docx

下载文档

0
0
约2.46万字
约 17页
2024-09-19 发布于境外
举报
版权申诉
保障服务

股票与投资分析Chap010.docx

1、本文档共17页，可阅读全部内容。
2、有哪些信誉好的足球投注网站（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。

Chapter10-BondPricesandYields

PAGE

10-PAGE4

?2013byMcGraw-HillEducation.Thisisproprietarymaterialsolelyforauthorizedinstructoruse.Notauthorizedforsaleordistributioninanymanner.Thisdocumentmaynotbecopied,scanned,duplicated,forwarded,distributed,orpostedonawebsite,inwholeorpart.

Chapter10

BondPricesandYields

Catastrophebond:Typicallyissuedbyaninsurancecompany.Theyaresimilartoaninsurancepolicyinthattheinvestorreceivescouponsandparvalue,buttakesalossinpartoralloftheprincipalifamajorinsuranceclaimisfiledagainsttheissuer.Thisisprovidedinexchangeforhigherthannormalcoupons.

Eurobond:Theyarebondsissuedinthecurrencyofonecountrybutsoldinothernationalmarkets.

Zero-couponbond:Zero-couponbondsarebondsthatpaynocouponsbutdopayaparvalueatmaturity.

Samuraibond:Yen-denominatedbondssoldinJapanbynon-JapaneseissuersarecalledSamuraibonds.

Junkbond:ThoseratedBBBorabove(SP,Fitch)orBaaandabove(Moody’s)areconsideredinvestmentgradebonds,whilelower-ratedbondsareclassifiedasspeculativegradeorjunkbonds.

Convertiblebond:Convertiblebondsmaybeexchanged,atthebondholder’sdiscretion,foraspecifiednumberofsharesofstock.Convertiblebondholders“pay”forthisoptionbyacceptingalowercouponrateonthesecurity.

Serialbond:Aserialbondisanissueinwhichthefirmsellsbondswithstaggeredmaturitydates.Asbondsmaturesequentially,theprincipalrepaymentburdenforthefirmisspreadovertimejustasitiswithasinkingfund.Serialbondsdonotincludecallprovisions.

Equipmentobligationbond:Abondthatisissuedwithspecificequipmentpledgedascollateralagainstthebond.

Originalissuediscountbonds:Originalissuediscountbondsarelesscommonthancouponbondsissuedatpar.Thesearebondsthatareissuedintentionallywithlowcouponratesthatcausethebondtosellatadi