Date: 2018-06-18
Sold my Astrea IV allocation today.
Par: $100
Coupon: 4.35%
Payment interval: semi-annually
Maturity: 5y (soft, callable)/10y (hard, 0.5% step up)
Subscription fee: $2
Calc formula:
A quick Excel formula is Yield function
= Yield (Today(), Date(2023,6,14), 4.35%, Price, 100, 2)
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鸡肋(in Chinese Pin ying: Ji1 Lei4): 食之无味, 弃之可惜.
Sold it at YTM=3.80%.
Pocket some petty cash, that's it. The end.
Sold my Astrea IV allocation today.
Par: $100
Coupon: 4.35%
Payment interval: semi-annually
Maturity: 5y (soft, callable)/10y (hard, 0.5% step up)
Subscription fee: $2
Calc formula:
PV = C/(1 + r) 1 + C/(1 + r) 2 +
. . . + C/(1 + r) Y + B/(1 + r) Y
- PV is the price of a bond,
- C is the periodic coupon payment,
- r is the yield to maturity (YTM) of a bond,
- B is the par value or face value of a bond,
- Y is the number of years to maturity
= Yield (Today(), Date(2023,6,14), 4.35%, Price, 100, 2)
----------------------------------------------------------------------------------
鸡肋(in Chinese Pin ying: Ji1 Lei4): 食之无味, 弃之可惜.
- tasteless when eaten but a pity to throw away
- can't hurt you, but can't help you
Sold it at YTM=3.80%.
Pocket some petty cash, that's it. The end.
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