第八章金融市场与金融机构杰夫马杜拉双语课件.ppt

Chapter 8 valuation and risk of bonds 债券的估值与风险;;Impact of the discount rate on bond valuation 贴现率对于债券估值的影响;;Valuation of bonds with semiannual payments 半年支付收益时债券的估值;Relationships between coupon rate，required return，and bond price 利率、回报率、债券价格之间的关系;Explaining bond price movement 债券价格变动的解释;Factors that affect the risk-free rate 影响无风险利率的因素;Impact of inflationary expectation 预期通胀因素的影响;Impact of economic growth 经济增长的影响;Impact of budget deficit 预算赤字的影响;Changes in the credit risk premium over time 风险溢价的跨期变化;Summary of factors affecting bond prices 影响债券价格的因素汇总;Implications for financial institutions 金融机构的意义;System risk系统风险;Sensitivity of bond price to interest  债券价格对于利率的敏感性;;Influence of coupon rate on bond price sensitivity 息票利率对债券价格敏感性的影响;Influence of maturity on bond price sensitivity 到期日对债券价格敏感性的影响;Duration of a portfolio 投资证券组合的久期;Modified duration 久期的修正 ;Bond investment strategies 债券投资策略;Barbell strategy 杠铃策略;Valuation and risk of international bonds 国际债券的估价和风险;Influence of exchange rate fluctuations 汇率波动影响;Reduction of credit risk 减少信用风险