A fixed-rate bond promises interest payments calculated at a rate established when it is issued. That rate remains unchanged until maturity, although the bond may later trade at different prices in the secondary market. Since the contractual payments are fixed, the yield implied by the market price changes as the price moves.
Passende Formel
Zinseszins
\[K_n=K_0(1+i)^n\]
Anfangskapital, Endkapital, Zinssatz und Laufzeit flexibel bestimmen.
Formel vollständig öffnenSource: European Central Bank (ECB) (source). This glossary entry is an independently worded adaptation of the cited information.