Chapter 4 Interest Rate
Chapter 4 Interest Rate
$)金融工具( financial instrument) 商业票据( commercial paper) 国债( treasury bill 银行存单( certificate of deposit) 公司债券( corporate bond) 抵押债券( mortgage) 回购协议( repurchase agreement)
金融工具（financial instrument） • 商业票据（commercial paper） • 国债（treasury bill） • 银行存单（certificate of deposit） • 公司债券（corporate bond） • 抵押债券（mortgage） • 回购协议（repurchase agreement）
1. four basic types of financial instruments 单一贷款 simple loan) 定期定额贷款(ixed- payment loan) 息票债券( coupon bond) 贴现债券( discount bond)
1.four basic types of financial instruments • 单一贷款(simple loan) • 定期定额贷款(fixed-payment loan) • 息票债券(coupon bond) • 贴现债券（ discount bond ）
four basic types of financial instruments 单一贷款 (simple loan) In a simple loan, the lender provides the borrower with an amount of funds which must be repaid to the lender at the maturity date along with an additional payment for the interest 单一贷款中,借款人获得一定数量的资 金(本金),到期归还并向贷款人支付 额外的一定量金额作为利息
four basic types of financial instruments • 单一贷款(simple loan) In a simple loan, the lender provides the borrower with an amount of funds, which must be repaid to the lender at the maturity date along with an additional payment for the interest. 单一贷款中，借款人获得一定数量的资 金（本金），到期归还并向贷款人支付 额外的一定量金额作为利息
four basic types of financial instruments 定期定额贷款( (fixed- payment loan) In a fixed-payment loan, the lender provides the borrower with an amount of funds, which must be repaid by making the same payment every period(such as a month), consisting of part of the principal and interest for a set number of years. 这种贷款给借款人提供一笔资金,在数 年以内,借款人每期(如每月)都必须 偿还同等固定数量的资金(包括部分本 金及利息
four basic types of financial instruments • 定期定额贷款(fixed-payment loan) In a fixed-payment loan, the lender provides the borrower with an amount of funds, which must be repaid by making the same payment every period (such as a month), consisting of part of the principal and interest for a set number of years. 这种贷款给借款人提供一笔资金，在数 年以内，借款人每期（如每月）都必须 偿还同等固定数量的资金（包括部分本 金及利息