请问关于财务管理中债券发行时的折溢价摊销问题 财务管理, 债券

wo5u

interest expense=book value * market rate.

如果是溢价发行，那么interest expense显然小于coupon.那为什么还说the amortization of the bond's premium will serve to "reduce" the interest expense that is shown on the income statement 呢？想不明白呀，请赐教。

这种债券价格摊销的本质到底是什么呢？

谢谢！

cfal3passe

你想呀，Book Value会逐渐向Par Value Converge, so the interest expense must be reduced.

wo5u

嗯！聪明，BV是变的哈，我把这个忘了。谢谢！

nadina

还是不明白啊

jay-tt

我也不怎么明白

请 写的在详细点。谢谢。

[此贴子已经被作者于2005-6-12 20:45:58编辑过]

unic_chen

coupon payment > interest expense，所以产生premium amortization;

因为premium amortization 扣减了BV，所以下一年的interest expense 就减少了（market rate不变）；

所以说premium amortization ‘reduce’interest expense

adler557

哦，原来是这样

[em01]

banbi

i  see

banbi

i see really

single

it is good question