I mean, hypothetically a bond trading at $.60 on the dollar with an 8% coupon, five-year bond that's yielding about 18%.

我的意思是，假设一种债券以0。60美元进行交易,同时有8%的票息，五年期债券收益率在18%左右。

耶鲁公开课 - 金融市场课程节选

So, if a bond was issued when interest rates were lower, they might have a 4% coupon when the prevailing rate is 6%.

所以，如果一只债券在利率很低的时候发行，在汇率为6%的的时候，它们可能有一个4%的票息。

耶鲁公开课 - 金融市场课程节选

You're given coupon payments every six months and then, when the bond matures,you get your money back.

每六个月你会收到一次利息,当债券到期,你可以赎回本金

耶鲁公开课 - 金融市场课程节选

Now, you have to understand that when you buy a bond, if you buy it at issue, you get the first coupon in six months, the second coupon in one year, the third coupon in eighteen months, and the last coupon you get at the maturity date.

你们需要了解,如果在发行时就购入债券,六个月后会得到第一笔票息,一年后第二笔,18个月后第三笔,到期时得到最后一笔票息

耶鲁公开课 - 金融市场课程节选