债券的收益率计算（Bond yield calculation）
Bond yields calculation
How many people invest in bonds, the most concern is the bond yields. In order to accurately measure the bond yields, the general u of the bond yield index. Bond yields are the ratio of bond yields and investment principal, usually at an annual rate of said. Bond yields in different bond interest. Bond interest only refers to the product of the coupon rate and the face value of the bonds. But becau people in the bond holding period, but also in the bond market to do business, earn a spread, therefore, bond yields in addition to interest income, including the sale price of profit and loss.
The main determinants of bond yields, a bond coupon rate, maturity, and value of the purcha price. The formula for the basic rate of bond yields:
Bond yields: (due principal and interest and the issue price) / (issue price * repayment period) *100%
Due to the bondholders in the bond repayment period may transfer bonds, therefore, bond yields can also be divided into bonds sale returns, buyers of the bond yields and bond yields during paternity. Each of the following formula:
The sale of bonds (lling price - benefit rate = issue price + holding period interest) / (price * holding period) *100%
Buyers of the bond yields (= the interest due and - buy price (purcha price) / * residual maturity) *100%
The bond holding period yields (= ll price - buy price and the holding period (interest) / purcha price * holding period) *100%
If a person in January 1, 1995 the price of 102 yuan to buy a value of 100 yuan, the interest rate is 10%, the annual interest payable for the January 1st 1991 issue of the 5 year treasury, and hold to expire in January 1, 1996, then
Buyers of the bond yield = (100+100*10%-102) / (102*1) *100% = 7.8%
笔记本卡顿The sale of the bond yield = (102-100+100*10%*4) / (100*4) *100% = 10.5%
超级学霸学习法If someone in January 1, 1993 the price of 120 yuan to buy the factory in denominations of 100 yuan, annual interest rate of 10%, January 1st interest payable for the 1992 issue of the 10 year treasury bond, and holding on to ll in January 1, 1998 at a price of 140 yuan, is
葛根粉的吃法The bond holding period yield = (140-120+100*10%*5) / (120*5) *100% = 11.7%
深圳航空有限公司The above formula did not consider the interest and investment factors. The interest of the reinvested earnings included in bond yields, calculated m yields, which is compounded rate of return.
描写雪景的句子Edit this paragraph
A special type of bonds
A special type of bonds such as convertible bonds. According to bond negotiable or not can be divided into tradable bonds bonds and non tradable bonds, or bonds listed or unlisted bonds, etc..
Many classification methods of bonds, just a bond can be attributed to many kinds of. Such as: 998 bonds, which can be attributed to the debt, it is of interest bearing bonds or long-term bonds, bonds listed, finally, it also can be attributed to the uncured debt and raid bonds. It is the same with the other bond.
1. bonds listed
After the issuance of the Shanghai and Shenzhen Stock Exchange, namely the two grade market listed negotiable bonds for listed bonds, including bonds listed, the listing of corporate bonds and convertible bonds listed.
The bond market liquidity is good, the realization of easy, suitable for the need of readily realizable idle funds investment needs.
2. treasury bonds
Also called the bonds, the central government according to the principle of credit voucher to assume the debt rvice as the prerequisite and the responsibility of raising money.
The main varieties of bonds issued China history have national treasury bills and bonds, the Chine bills since 1981, basically every year issued. Mainly to business and individuals; the national bonds once issued including national key construction bonds, national construction bonds, financial bonds, special bonds, hedge bonds, basic construction bonds, the bonds are mostly for banks, non bank financial institutions, enterpris, funds and other directional issuance,
Also issued to individual investors.
Personal issue to the discount rate basically according to the bank interest rates, generally higher than bank deposit rates over the same period of high 1~2 percentage points. The inflation rate is higher, the Treasury also hedging measures.男性无精
3. of corporate bonds
Corporate bonds are issued in accordance with legal procedures and agreed in a certain period of debt curities. Usually refers to the bonds issued by enterpris, a part of China's enterpri bond issuance is not generally the shares of the company, this kind of bond is called corporate bonds.微信号怎么加好友
According to the Shanghai and Shenzhen Stock Exchange on the listing of corporate bonds, corporate bond issuance may be subject shares of the company, can also be a limited liability company. The listing of corporate bonds must meet the following conditions:
1. the department authorized by the State Council approved and publicly issued; the total amount of the net asts of the Limited by Share Ltd is not less than thirty million yuan, net asts of the limited liability company of not less than sixty million yuan;
A total of 2. outstanding bonds total par value of not more than forty percent of the net asts of enterpris;
3. of the last three years the average distribution of profits sufficient to pay one year bond interest;
4. to rai funds invested in accordance with the approved u of the national industrial policy and the issue of the examination and approval authority;
The 5. term bonds for more than one year;
6. the interest rate of the bonds shall not exceed the level of interest rates by the state council;
7. the actual issuance of bonds is not less than fifty million yuan;
8. the bond credit rating of not less than a;cctv主持人
9. bonds are guaranteed by a guarantor, the guarantee conditions in compliance with laws and regulations; credit except for grade AAA and bond issuance authorities agreed to waive the cured bonds.
