在计算interest paid , interest expense时候，都是按照发行时的market rate，这个market rate是不是可以理解为bond 的coupon rate？
例题：
A company issued a $50,000 7-year bond for $47,565. The bonds pay 9 percent per annum and the yield-to-maturity at issue was 10 percent. The company uses the effective interest rate method to amortize any discounts or premiums on bonds. After the first year, the yield to maturity on bonds equivalent in risk and maturity to these bonds is 9 percent. The amount of the bond discount amortization ($) recorded in the second year is closest to:
答案
Interest paid = Market rate at issue x Issued amount of bonds = 9% x $50,000
Interest expense = Market rate at issue x Carrying (BV) of bonds
Amortization of discount = Interest expense - Interest paid
答案中就是按照这个发行时的coupon rate=9%来算的，是这样理解吧？
因为我总觉得市场利率应该和coupon rate有出入啊作者: jcole21 时间: 2013-8-18 13:10
Interest paid 是实际的从口袋里面掏出去的钱，所以是 Market rate at issue x Issued amount of bonds 。。。但是这个答案给的不好，它就等于coupon pmt
market rate和coupon rate有本质的区别。只有平价发行的时候才一样的。所以Interest expense =Market rate at issue x Carrying (BV) of bonds
Interest paid = coupon rate at issue x Issued amount of bonds（par）
and Amortization of discount = Interest expense - Interest paid
