In case you don`t believe me, contrast the difference in value between a 20 and 30 year bond with equal coupon payments.
若您不相信我，请将一份20年和30年票据与等值息票价值进行对比。
The gross redemption yield of a bond is simply the average rate at which the sum of the future coupon payments and redemption proceeds are discounted to equate their value to the current market price.
赎回毛收益率是指将未来票息利率与赎回收益总额折现为当前市场价格的中间汇率。
Coupon bond a debt obligation with coupons attached that represent semiannual interest payments.
有息票债券附有息票的债务，每半年支付利息一次。
For example, the interest earned by a bondholder between semiannual coupon payments.
债券持有人在每半年支付一次的息票获得的利息。
Analytic Formula of Zero-coupon Callable Convertible Bonds with Hard Call Period An interest-bearing government or corporate security that obligates the issuer to make specified payments on a specific schedule to the bondholder.
有锁定期的零息可赎回可转换债券定价解析式债券政府或公司发行的计息证券，要求发行人按照一定的日期向债券持有人支付一定金额。
A bond that delays coupon payments for the first few years, paying them in a lump sum at maturity.
指债券发行人将头几年的票面利息延后至到期时一笔支付。
Both make semiannual invest payments called coupon payments.
每半年一次的投资支付称为息票。
When the discount margin is greater than (equal to, less than) the quoted margin, the index duration is the decreasing (constant, increasing) function of the number of coupon payments remaining until maturity.
在贴现利差大于（等于、小于）基本利差时，利率久期是剩余付息次数的递减（不变、递增）函数；
In the above example, the following calculation was used to determine the theoretical price the bond would trade at N = 5 years I/Y = 6 (market rate, 6%) FV =$1, 000 PMT =$100 (10% coupon) Payments/Year = 1 annual coupon payment
在上面的例子中，下面是用来确定计算理论的价格会交易的债券 5年我/ Y = 6(市场利率，6%)。FV = 1000美元。并联= 100美元(10%联)。付款/年= 1。
But in practice, the coupon payments can only be reinvested at the market rates operative when the coupon is received.
但是在实践中，息票只能以收到息票时的市场买卖利率进行再投资。
Gold doesn't generate cash flows, in contrast to the dividends that many stocks pay and to the coupon payments generated by bonds.
黄金并不产生现金流量，这不同于股息支付和息票支付所用的现金方式。