incastle의 콩나물

3.4 Yield Yield Interest rate implied by the payment structure 수익률 : 지불 구조에 따른 이자율 Interest rate at which the present value of the stream of payments (including coupon payments) is exactly equal to the current price Yields are always quoted on an annual basis YTM(Yield to maturity) is the IRR of the bond at the current price Bond Price • Suppose that a bond with face value F makes m coupon payme..

Definitions Financial instruments : Market items are not real goods (no intrinsic value, 무형 자산) but instead are traded as only as pieces of paper or as entities in a computer database Security(증권): Instrument that can be freely and easily traded due to a well- developed market for the instrument Fixed-income securities : Financial instruments that are traded in well- developed markets and promis..

2.3 Present and Future Values of Streams Future Value This formula for future value always uses the interest rate per period and assumes that interest rates are compounded each period Present Value Present value of a cash flow is the present payment amount that is equivalent to the entire stream 2.4 Internal Rate of Return IRR IRR is defined without reference to a prevailing interest rate Determ..

2.1 Principal and Interest Principal : Amount invested (original amount) Interest : Extra money paid on principal Simple interest Interest will be paid only on the principal Account grows linearly with time V = A(1+r*n) V = Future value, A = 원금, r = 이자, n = 몇 년? Compound interest Interest will be paid on the principal and accrued interest Rule of 72 Money invested at R% compounded annually doubl..