yield to maturity 和 coupon rate

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查看11 | 回复1 | 2009-5-6 21:53:59 | 显示全部楼层 |阅读模式
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千问 | 2009-5-6 21:53:59 | 显示全部楼层
yield to maturity is the hypothetical constant interest rate that equate price of bond with the present value of that bond's future cash flow. But coupon rate determines what the bond's coupon payment will be. it is fixed. if coupon rate = ytm, bonds price will equal face value of bond. if coupon rate>ytm, bond price> face value...
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