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

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.