O metodycznej poprawności wyceny obligacji

• Authors: Krystian Pera

Title variants

EN

The Methodical Correctness of Bonds Evaluation

• Languages of publication: PL

Abstracts

EN

The article concentrates on the issue of estimating the present, fair value of coupon bonds. The author takes under consideration comparison of the present value of bonds with the same face value, the same coupon yield but different interest payment frequencies. It has been shown that the commonly proposed methods lead to erroneous measurement results. Therefore, a modification in the methodology of the coupon bonds valuation was proposed. The modification concerns a different way of discounting the bond face value. The analysis was performed for the discrete and continuous time evaluation.

Keywords

PL

Obligacje; Wycena obligacji

EN

Bonds; Valuation of bonds

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2013
• Volume: 155
• Pages: 419-429

Contributors

author

Krystian Pera

Identifiers

ISSN

2083-8611