Question

公司理财 债券计算题 求思路，要详细。谢谢

Answer 1

已知：coupon rate is 10%，yield to maturity of 9.25%

解题思路： 到期收益率=票面利率，方可平价发行（否则就得折价或者溢价发行）

so the coupon rate of the new bond needs to be 9.25%

Answer 2

既然现在的YTM是9.25%，那么要想平价发行，票面利率就也得是9.25%

Currently the market YTM is 9.25%. In order to sell at face value, the new bond must bear a coupon rate of 9.25%, which is equivalent to the market YTM.