What is the present value of that? Well, the first-- each payment we'll call a coupon-- so it pays one pound one year from now.

那么它的现值又是多少呢,首先,每一次支付的数额称为一个券息,从现在开始每一年都要支付一英镑

耶鲁公开课 - 金融市场课程节选

It's much better to pay a fixed payment and then you're done.

最好就是支付了规定的数额就好

耶鲁公开课 - 金融市场课程节选