Naslov
The Valuation of Riskless Securities

Autori
Ivanović, Zoran

Izvornik
Ekonomicke rozhl'adi (0323-262X) XXIX (2000), 1; 49-73

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, prethodno priopćenje, znanstveni

Ključne riječi
yield-to-maturity; spot rate; discount factors; market discount function; discounting; forward rate; compounding; annual percentage rate; yield curve; term structure; unbiased expectations theory; liquidity preference theory; liquidity premium; market segmentation

Sažetak
In this article different possibilities of valuing bonds are being analysed, for the purpose of minimizing the risk of financial investments in securities. The first step useful in uderstanding security valuation is to consider those fixed-income securities that are certain of making their promised payments in full and on time. The obvious candidates are the securities representing the debt of the government bonds. Financial investments in these securities represent investments with minimal financial risk.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA