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

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

Let's say that the British Government didn't say that they'll pay one pound per year, but it'll be one pound the first year, then it will grow at the rate g and it will eventually be infinitely large.

我们假设英国政府并没有说,他们会每一年支付一英镑,但它会是第一年支付一英镑,然后它会顺着利率g上涨,最后它就变成了无尽大的数目

耶鲁公开课 - 金融市场课程节选