In corporate financing and the capital market, bonds play a crucial role. They are not only an important tool for companies to raise long-term funds but also a way for investors to obtain fixed income. In the previous article, we discussed current liabilities and an introduction to bonds. To truly understand the nature of bonds, it is necessary to fully grasp every detail—from their life cycle, pricing factors, and the amortization of premiums and discounts, to the method of equal principal and interest repayment, and finally, their application in financial analysis. This article will take an in-depth look at bonds.
在企業融資與資本市場中，債券扮演著關鍵角色。它不只是企業籌措長期資金的重要工具，也是一種投資人用來獲取固定收益的方式。前篇文章講到了流動負債以及認識債券。而理解債券的本質，需要從它的生命週期、價格決定因素、折溢價攤銷、本利平均攤還方式，一直到財務分析的應用，完整掌握每一個細節。本文將深談債券。