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。

I mean, hypothetically a bond trading $0.60 on the dollar with an 8% coupon, a five-year bond that's yielding about 18%.

youdao

我要卖空一单位一年期债券。

I'm going to short one one-period bond.

youdao

现在两年期债券到期了。

Now what happens is, I now get the maturity of this bond.

youdao

So, we have this security and a ten-year bond would have twenty coupons attached, each with a date on them.

我们持有这样的证券，是十年期的债券,并附有二十张息票，每一个都有日期在上面。

耶鲁公开课 - 金融市场课程节选

The price of the two-period bond is 1/2 and the price of the one-period bond is 1/.

所以两年期债券的价格是1/^2,一年期债券的价格则是1/

耶鲁公开课 - 金融市场课程节选

If I buy this amount of two-period bonds, how much does it cost me?

如果我买这么多两年期债券,我要花多少钱呢

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