长期债券溢价或折价摊销的实际利率法应用探讨

The Application of Actual Interest Rate Method into Long-term Bond Premium or Discount Amortizing

摘要: 目前, 国内介绍的实际利率法, 均是以分期付息、到期一次还本为例, 且以列表方式计算各期应摊溢价或折价, 这不仅不符合我国实际, 而且计算过程又繁琐。本文从实际利率法的原理出发, 探索出简捷的公式计算方式来计算各期应摊溢价或折价, 并结合我国实际进行应用。

Abstract: At present, the real interest rate method in China is interest payment by term and one-off principle payment, and the amortized premium or the price discounted every term is presented in a list. This method is inconsistent with the actual condition and complicated. This paper introduces a simpler formula method and applies it to the calculation practice from the principle of real interest rate method.