CHAPTER 10 Bonds and Their Valuation     Key features of bonds Bond valuation Measuring yield Assessing risk 7-1 What is a bond?  A long-term debt instrument…

1. The Valuation and Characteristics of Bonds 2. The Basis of Value A security’s value is equal to the present value of its expected cash flows. A security should sell…

Slide 1Chapter 10 Bond Prices and Yields Slide 2 10-2 Irwin/McGraw-hill © The McGraw-Hill Companies, Inc., 1998 Bond Characteristics Face or par value Face or par value…

1. 6 - 1 CHAPTER 6 Bonds and Their Valuation Key features of bonds Bond valuation Measuring yield Assessing risk 2. 6 - 2 Key Features of a Bond 1. Par value:…

Chapter 09 Bonds & Valuation Financial Management - Reza Masri * Value = + + + FCF1 FCF2 FCFâ (1 + WACC)1 (1 + WACC)â (1 + WACC)2 Free cash flow (FCF) Market interest…

Slide 1 New Trends in Energy Derivatives Alexander Eydeland Morgan Stanley Slide 2 Increased interest in commodity-linked products: the investors point of view spectacular…

* Chapter 5 Bonds, Bond Valuation, and Interest Rates * Topics in Chapter Key features of bonds Bond valuation Measuring yield Assessing risk * Value = + + + FCF1 FCF2 FCF∞…

Slide 1 © 2007 Thomson South-Western Chapter 4 Stock & Bond Valuation Professor XXXXX Course Name / Number Slide 2 2 2 Valuation Fundamentals  The greater the uncertainty…

State of Texas Debt â An Overview January 27, 2009 Texas Bond Review Board Texas Public Finance Authority Bob Kline, Executive Director Judith Porras, Interim Executive…

Duration and convexity for Fixed-Income Securities RES9850 Real Estate Capital Market Professor Rui Yao Professor Yao Duration and convexity: Outline I. Macaulay duration…