book value 与market value

NO.PZ2016012102000150

问题如下：

When market intertest rates are 8%, a company issues a $1 million bond with a 10% coupon rate, 5 years to maturity, and the interest is paid on an annual.

According to the information, which of the following statements about the bond is correct?

选项：

The initial book value of the bonds is $900,000.

The initial book value of the bonds is $1,079,854.

The initial book value of the bonds is $1,000,000.

解释：

B is correct.

N=5

I/Y=8

PMT=$1,000,000 × 10%=$100,000

FV=$1,000,000

Then CPT=$1,079,854

Option C is not the correct answer, because the coupon rate> the market rate, the bond is a premium bond.

你好老师，

关于book value 我认为的是bond的face value，如果按照答案，应该是市场的market value, 请问这个理解对不对？

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已采纳答案

纠纠_品职答疑助手 · 2021年04月11日

嗨，爱思考的PZer你好：

book value 是指记在账本上的value，债券发行期初的时候book value 在数值上是 market value。

bond face value 是指债券的面值，market value是市场价值，这是三个概念，同学需要注意分辨。

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NO.PZ2016012102000150问题如下When market intertest rates are 8%, a company issues a $1 million bonwith a 10% coupon rate, 5 years to maturity, anthe interest is paion annual.Accorng to the information, whiof the following statements about the bonis correct?A.The initibook value of the bon is $900,000.B.The initibook value of the bon is $1,079,854.C.The initibook value of the bon is $1,000,000. B is correct.N=5I/Y=8PMT=$1,000,000 × 10%=$100,000FV=$1,000,000Then CPT=$1,079,854Option C is not the correanswer, because the coupon rate the market rate, the bonis a premium bon考点债券账面价值根据已知条件，算出债券的现值为$1,079,854。又因为，在B/S上确认的债券账面价值等于其现值，所以初始确认的债券账面价值为$1,079,854。如问题，直接理解为溢价发行，所以初始计量高于面值

2023-05-17 08:03 1 · 回答

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book value 与market value

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