effective par

简明释义

实际票面价值

英英释义

例句

1.The effective par value helps investors assess the risk associated with various investment options.

对于投资者来说，有效面值有助于评估与各种投资选项相关的风险。

2.The bank offered an interest rate that was lower than the effective par rate, which is why I chose a different lender.

银行提供的利率低于有效面值利率，这就是我选择其他贷款机构的原因。

3.Investors should always compare the coupon rate to the effective par to determine the true yield of the bond.

投资者应始终将票息率与有效面值进行比较，以确定债券的真实收益率。

4.In our financial analysis, we found that the effective par for this security was significantly higher than anticipated.

在我们的财务分析中，我们发现该证券的有效面值远高于预期。

5.Understanding the effective par is crucial when evaluating the performance of fixed-income securities.

在评估固定收益证券的表现时，理解有效面值至关重要。

作文

In the world of finance and investment, the term effective par refers to a crucial concept that helps investors understand the true value of their investments. It is essential to grasp what effective par means, as it plays a significant role in determining the yield and overall performance of fixed-income securities such as bonds. When investors purchase bonds, they often focus on the nominal value, or face value, of the bond. However, the effective par provides a more accurate representation of the bond's value, especially when interest rates fluctuate. To elaborate, the effective par takes into account various factors, including the bond's coupon rate, the current market interest rates, and the time remaining until maturity. For instance, if a bond has a face value of $1,000 and a coupon rate of 5%, it would typically pay $50 annually. However, if market interest rates rise to 6%, the bond's effective par would decrease because new bonds are being issued at higher rates, making the existing bond less attractive. This adjustment is critical for investors who want to assess the real return on their investment.Moreover, understanding effective par is not only important for individual investors but also for financial analysts and portfolio managers. They use this concept to evaluate the risk and return of various securities within a portfolio. By analyzing the effective par, they can make informed decisions about which bonds to buy or sell, optimizing the overall performance of the investment portfolio.Additionally, the effective par can also influence the pricing of bonds in the secondary market. Investors are always looking for the best possible yield, and if a bond's effective par is lower than its face value due to rising interest rates, it may trade at a discount. Conversely, if interest rates fall, the effective par could be higher than the face value, causing the bond to trade at a premium. This dynamic illustrates how the effective par is integral to the valuation of fixed-income securities.Furthermore, the implications of effective par extend beyond individual bonds. In the broader market context, changes in effective par across various securities can indicate shifts in economic conditions. For example, if many bonds are trading below their effective par, it may signal investor concerns about rising interest rates or economic instability. Conversely, if most bonds are trading at or above their effective par, it could suggest a stable or improving economy. In conclusion, the concept of effective par is vital for anyone involved in the financial markets, particularly those dealing with fixed-income securities. By understanding how effective par is calculated and its implications for investment strategy, investors can make more informed choices that align with their financial goals. Ultimately, mastering the intricacies of effective par allows for better risk management and enhanced investment performance, making it an indispensable tool in the world of finance.

在金融和投资的世界中，术语有效面值指的是一个关键概念，帮助投资者理解他们投资的真实价值。掌握有效面值的含义至关重要，因为它在确定固定收益证券（如债券）的收益率和整体表现方面发挥着重要作用。当投资者购买债券时，他们通常关注债券的名义价值或面值。然而，有效面值提供了债券价值的更准确表示，尤其是在利率波动时。进一步说，有效面值考虑了多种因素，包括债券的票息率、当前市场利率以及距离到期的时间。例如，如果一只债券的面值为1,000美元，票息率为5%，那么它通常会每年支付50美元。然而，如果市场利率上升到6%，则该债券的有效面值将下降，因为新债券的发行利率更高，使得现有债券的吸引力降低。这种调整对希望评估其投资真实回报的投资者至关重要。此外，理解有效面值不仅对个人投资者重要，对金融分析师和投资组合经理也同样重要。他们利用这一概念来评估投资组合中各种证券的风险和收益。通过分析有效面值，他们可以做出明智的买卖决策，从而优化投资组合的整体表现。此外，有效面值还可以影响债券在二级市场的定价。投资者总是希望获得最佳收益，如果由于利率上升而导致债券的有效面值低于其面值，则该债券可能会以折扣交易。相反，如果利率下降，有效面值可能高于面值，导致债券以溢价交易。这种动态说明了有效面值在固定收益证券估值中的重要性。此外，有效面值的影响超越了单个债券。在更广泛的市场背景下，各种证券的有效面值变化可能表明经济状况的变化。例如，如果许多债券的交易价格低于其有效面值，这可能表明投资者对利率上升或经济不稳定的担忧。相反，如果大多数债券的交易价格接近或高于其有效面值，则可能表明经济稳定或改善。总之，有效面值的概念对于任何参与金融市场的人，特别是那些处理固定收益证券的人来说都是至关重要的。通过了解有效面值的计算方式及其对投资策略的影响，投资者可以做出更明智的选择，以符合他们的财务目标。最终，掌握有效面值的复杂性可以实现更好的风险管理和增强的投资表现，使其成为金融世界中不可或缺的工具。