t******a
发帖数: 30 | 1 Wondering if any expert in this field can answer the question.
To simplify, just assume: my wealthy grandpa is dividing family assets to
the family members. He owns a company. I get some shares of his company. I
also inherit a corp note: the company owes me a face value of X; will repay
me the face value of X in 5 years; each year there is coupon payment to me
at 6%; the company can pre-pay the face value at the end of year 2.
Part I
Using PV method, if the bond is prepaid at the end of year 2, | f*****0
发帖数: 489 | 2 you don't have to introduce equity holding or coupon payments or prepayment
option (on the part of the borrower) to make the problem more complicated
than necessary.
take a zero coupon bond that matures in two years that has a market value of
$100 today but a maturity of $100*(1+x) where x is the effective yield /
return on the bond.
Question:
1) is the bond worth $100 to you: obviously, it may or may not - that's why
you have transactions on any security on any given day. the sellers think
the |
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