ЧТО ОЗНАЧАЕТ СЛОВО REDEMPTION YIELD
Доходность до погашения
Доходность к погашению, доходность к выпуску или доходность облигаций или других ценных бумаг с фиксированной процентной ставкой, например, gilts, представляет собой внутреннюю норму прибыли, полученную инвестором, который покупает облигацию сегодня по рыночной цене, полагая, что облигация будет удерживаемых до погашения, и что все выплаты купонов и основных средств будут осуществляться по графику. Доходность к погашению - это просто ставка дисконтирования, при которой сумма всех будущих денежных потоков от облигации равна цене облигации. YTM часто дается с точки зрения годовой процентной ставки, но чаще соблюдается рыночная конвенция. На ряде крупных рынков конвенция должна указывать годовую доходность с полугодичной рецептурой; таким образом, например, годовой эффективный доход 10,25% будет указываться как 10,00%, поскольку 1,05 х 1,05 = 1,1025.
Значение слова redemption yield в словаре английский языка
Определение доходности выкупа в словаре - это доход, полученный с помощью погашаемой позолоченной ценной бумаги с учетом годовых процентов, которые она выплачивает, и годовой суммы для учета какой-либо прибыли или убытка при ее погашении.
КНИГИ НА АНГЛИЙСКИЙ ЯЗЫКЕ, ИМЕЮЩЕЕ ОТНОШЕНИЕ К СЛОВУ «REDEMPTION YIELD»
Поиск случаев использования слова
redemption yield в следующих библиографических источниках. Книги, относящиеся к слову
redemption yield, и краткие выдержки из этих книг для получения представления о контексте использования этого слова в литературе на английский языке.
0), only one of which gives a positive redemption yield. The positive solution is rm
/2 1⁄4 0.037929 so that rm 1⁄4 7.5859%. As an example of the iterative solution
method, suppose that we start with a trial value for rm of r1 1⁄4 7% and plug this ...
2
Fixed Income Securities and Derivatives Handbook: Analysis ...
The yield to maturity (YTM)—or, as it is known in sterling markets, gross
redemption yield—is the most frequently used measure of bond return. Yield to
maturity takes into account the pattern of coupon payments, the bond's term to
maturity, ...
3
Bond and Money Markets: Strategy, Trading, Analysis
our linear approximation for the redemption yield is rm I 7.587%, which is near
the exact solution. I We wish to calculate the gross redemption yield for the bond
in Example 4.1. If we assume that the analysis is performed with precisely five ...
4
Investment Analysis and Portfolio Management
Redemption yield considers the fact that coupon payment received over the
lifetime of the bond can be reinvested, as well as any capital gain or loss that
might occur between purchase and redemption. The redemption yield is the
return that ...
In effect both measures are identical; the assumption of uniform reinvestment rate
allows us to calculate the IRR as equivalent to the redemption yield. It is common
for the IRR measure to be used by corporate financiers for project appraisal, ...
Moorad Choudhry, Graham "Harry" Cross, Jim Harrison,
2003
2.6 SIMPLE YIELD TO MATURITY In Japanese bond markets, the concept of
simple interest is used when calculating the yield to maturity (simple yield to
maturity) rather than the usual compound interest method (redemption yield). The
capital ...
Andrew T. Adams, Philip M. Booth, David C. Bowie,
2003
7
The Financial Times Guide to Investing ePub
This loss to redemption has to be subtracted from the annual interest yield to give
an approximation to the redemption yield (also called yield to maturity): 8.33 per
cent — 3.33 per cent = 5 per cent. While this example tries to convey the ...
8
An Introduction to the Bond Markets
r. Put it on deposit in a bank until there are sufficient funds to purchase another
security. If the first option is true then the redemption yield gives a good indication
of the return on the bond but not the duration of the investment. The second ...
9
Corporate Bonds and Structured Financial Products
In effect both measures are identical; the assumption of uniform reinvestment rate
allows us to calculate the IRR as equivalent to the redemption yield. It is common
for the IRR measure to be used by corporate financiers for project appraisal, ...
10
Corporate Bond Markets: Instruments and Applications
Note that the redemption yield as discussed in this section is the gross
redemption yield, the yield that results from payment of coupons without the
deduction of any withholding tax. The net redemption yield is obtained by
multiplying the ...
НОВОСТИ, В КОТОРЫХ ВСТРЕЧАЕТСЯ ТЕРМИН «REDEMPTION YIELD»
Здесь показано, как национальная и международная пресса использует термин
redemption yield в контексте приведенных ниже новостных статей.
The overlooked investments offering 5pc tax-free
The key figure indicating return is shown in the third column – is technically referred to as the “gross redemption yield”. This the annual return you would get ... «Telegraph.co.uk, Сен 14»
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There is also something called 'yield to maturity' or 'redemption yield', which is the return you will earn if you hold the bond for the full term, including all the ... «Citywire.co.uk, Авг 12»
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RPI-linked bond yields set to fall ... Evolution Securities calculated that the Tesco Bank bond would have a nominal gross redemption yield of 4.35 per cent. «Financial Times, Дек 11»
How to play bond markets
Redemption yields are also a popular measure (also called gross redemption yield and yield-to-maturity). Kevin Watson, investment manager, fixed interest at ... «Interactive Investor, Июл 11»