融躍CFA答疑師老師 2024-01-29 09:19
致精進(jìn)的你:
同學(xué)你好,現(xiàn)金流折現(xiàn)的現(xiàn)值等于債券價(jià)格得出YTM,而不是par value。這是YTM的定義:The yield-to-maturity is the internal rate of return on the cash flows—the uniform interest rate such that when the future cash flows are discounted at that rate, the sum of the present values equals the price of the bond. It is an implied or observed single market discount rate.
The real talent is resolute aspirations.
真正的才智是剛毅的志向。