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. 债券的总赎回收益率,简单来说,就是使未来的息票兑现额和赎回收益的总和等于当前的市场价格的平均利率。
Not redeemable for cash. Redemption value not to exceed$ 00.00 不可兑现。兑换值不超过¥00.00
Therefore, starting from the theory of the convertible bond redemption strategy, this article summarizes previous studies and brings up a new variable-time value, which plays a crucial role in the redemption of convertible bonds but is ignored before. 因此,本文首先从可转债赎回策略的理论入手,在总结之前学者研究的基础上,提出了一个被忽略、但在可转债赎回策略中有极其关键作用的变量&时间价值。