Our current portfolio has 11% allocated to domestic equities, 15% to foreign equities,and 4% to bonds, so traditional marketable securities account for 30% of assets.

我们当前的投资组合中11%是国内股,15%是国外股,4%是债券,所以传统有价证券占总资产的30%

耶鲁公开课 - 金融市场课程节选

Of course, there would be larger denominations than $100, but by tradition, we speak of them as if they were bonds that you paid $100 to get.

当然,面额肯定大于100美元,但是按照传统,我们在讨论长期债券的时候,就假设你支付了100美元

耶鲁公开课 - 金融市场课程节选

Well, there's a formula that's been used by bond traders for hundreds of years and it's a traditional expression, which goes from the discount rate to the price.

这里有个债券交易商,用了上百年的公式,这是个传统表达式,它能用折扣率算得价格

耶鲁公开课 - 金融市场课程节选

If you want to see bonds as they used to look, with their coupons, there are a number of them at the International Center for Finance down the street here with their coupons still attached.

如果你想看传统带有息票的债券,还有很多在,沿着路走就到的,国际金融中心,那还有许多贴有息票的债券

耶鲁公开课 - 金融市场课程节选

Now, another Wall Street tradition is that bonds pay a coupon; they pay C/2 every six months.

另一个华尔街的传统是,长期债券要支付票息,每六个月支付C/2

耶鲁公开课 - 金融市场课程节选