It rarely makes sense to buy at that high a price for them to be satisfied with being paid off only at par (the full value of the bond).

以这么高的价格买进，让他们满足于只按票面价值(债券的全部价值)偿付，几乎没有什么意义。

youdao

It rarely makes sense to buy at that high a price for them to be satisfied with being paid off only at par [the full value of the bond].

有银行家说，“对他们来说，以高价买入企业债券是没有任何意义的，他们只满足于以债券面值的价格买入。”

youdao

If the bond was purchased at a premium (above par), then your overall yield to maturity will be lower than your stated coupon rate.

如果债券溢价(高于票面价值)购买的，那么你的整体到期收益率将低于您说的票面利率。

youdao

You wouldn't buy this bond at par because at par, meaning at $100- because then you wouldn't get any interest on it.

你不是以平价买入,平价买入,意思是以100面值买,否则就没有利息收益了

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Why he thought a discounted 3% bond was better value than a 5% bond sold at par is unclear.

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If you assume that the bond is selling at par, has an average coupon of 5.5%, say, and you use a discount rate of 6%, then you are implicitly saying that the bond is actually riskier than the market perceives it to be.

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The company will let you put the bond back to it at par in 2004, which is good if rates rise.

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