Transcription of Gentlemen Prefer Bonds Yields of Bonds and Strips
{{id}} {{{paragraph}}}
Example: bankruptcy
Gentlemen Prefer Bonds Yields of Bonds and Strips
Canadian MoneySaver PO Box 370, Bath, ON K0H 1G0 (613) 352-7448 2009 Gentlemen Prefer BondsYields of Bonds andStrips James HymasUnlike equity investors, bond analysts must havesome vague idea of what they re talking s not enough to exhort, Peak Oil .. mum-ble mumble .. buy ConocoPhillips! With theasymmetrical nature of bond returns (you can lose a lotmore than you can possibly win) it requires investors tounderstand the nature of the risks they re taking and toquantify every penny of their expected income expected return is usually expressed as yieldto maturity (YTM); yield -to-worst (YTW) may be usedwhen considering an instrument with embedded may be inherent in these calculations (how else tocompare a floating rate issue with a real return bond ?)
Canadian MoneySaver • PO Box 370, Bath, ON K0H 1G0 † (613) 352-7448 † http://www.canadianmoneysaver.ca MAY 2009 Gentlemen Prefer Bonds Yields of Bonds and Strips James Hymas
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: