Bài giảng Bài 2 –phần 2: Định giá Trái phiếu (Bond Valuation)

Tom tat Bai giang Bai 2 –phan 2: Dinh gia Trai phieu (Bond Valuation): ... han cua trai phieu Lai suat Tinh toan Loi tuc dao han (YTM) „ Loi tuc dao han (Yield-to-maturity) la lai suat ngam dinh cua gia trai phieu hien thoi „ Loi tuc dao han (YTM) co the duoc tinh toan bang phuong phap thu-sai (trial and error) neu nhu ban khong co mot may tinh bo tui tai chinh ...registered) – cac chi tiet ve so huu duoc ghi nhan boi nguoi/to chuc phat hanh vs. Nac danh (bearer forms) – chuyen doi quyen so huu bang cach chuyen giao don thuan „ An toan (security) ‰ Co bao dam bang chung khoan (collateral) – duoc dam bao bang chung khoan ‰ Co bao dam bang tai san (mort...coupon rate = 0%) „ Toan bo loi tuc cua trai phieu den tu chenh lech giua gia ban va menh gia cua trai phieu „ Khong the ban cao hon menh gia „ Trong tieng Anh con duoc goi la “zeroes”, hoac 22 la “deep discount bonds” „ Tai Hoa ky, T-bills thuong duoc xem la vi du dien hinh cua “zeroes...