Business management> Notes > FINANCIAL ECONOMICS WEEK 3: VALUATION OF FIXEDINCOME SECURITIES
FINANCIAL ECONOMICS WEEK 3: VALUATION OF FIXEDINCOME SECURITIES
Fixed income securities: Securities that generate predetermined and fixed periodic payments. Examples include bonds, loans and mortgages, preferred stock etc. We focus on bonds. Maturity: the length of time for which a bond exists. Face value: the principal amount that is promised to be repaid at maturity. Coupon payments: the periodic interests generated by a bond. Coupon rate: the ratio of coupon payments over the face value. Usually expressed in annual terms. ... [Show More]Last updated: 9 months ago
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