第八章债券定价和风险管理
第八章 债券定价和风险管理
CAPM, APT: treat securities at a high level of abstraction, assuming implicitly that a prior, detailed analysis of each security already had been performed, and that its risk and return features had been assessed Specific analyses of particular security markets valuation principles, determinants of risk and return, portfolio strategies commonly used within and across the various markets
CAPM, APT: treat securities at a high level of abstraction, assuming implicitly that a prior, detailed analysis of each security already had been performed, and that its risk and return features had been assessed. Specific analyses of particular security markets: valuation principles, determinants of risk and return, portfolio strategies commonly used within and across the various markets
固定收益证券 is a claim on a specified period stream of income Have the advantage of being relative easy to understand because the level of payments is fixed in advance Risk consideration are minimal as long as the issuer of the security is sufficiently creditworthy
固定收益证券 – is a claim on a specified period stream of income. – Have the advantage of being relative easy to understand because the level of payments is fixed in advance. – Risk consideration are minimal as long as the issuer of the security is sufficiently creditworthy
1. Bond analysis 债券是最基本的固定收益证券 债券的定价 债券的特性
1. Bond analysis 债券是最基本的固定收益证券。 债券的定价 债券的特性
1. I Capitalization of Income Method of value
1.1 Capitalization of Income Method of Value