永久债券亦称“年金债券”,指的是没有到期日,无限期地定期支付利息的债券。永久债券一般附有息票,购买此债券的人,不能要求还本,只能按期得到利息收入。所以,有些拥有相当数量货币资金的人,自己不愿进行生产投资,往往将其买成永久债券,以定期获利应付开支。这种人就叫“剪息票者”。但现在此种人已不多见,当然,永久债券也很少了。现存唯一值得注意的永久债券,是英国财政部发行的统一公债。
再次,让油墨干燥的空气,只要它采取做一个永久债券。
Again, let the inks air dry for as long as it takes to make a permanent bond.
也有长达百年的债券,甚至有永久债券--比如在英国,不列颠控股,没有过期时间,永不到期。
There have also been one hundred-year bonds and there have also been perpetuities that--in the UK, for example, the British Consoles--have no expiration date and they have infinite maturity.
债券市场的袭击确实有所减弱,但也只有那些放着风筝、吃着牡蛎的人才会相信这次危机已经永久结束。
The bond market's assault has indeed abated, but only the most carried-away kite-flying oyster-eater could believe that this crisis is over for good.
You want to subtract off the value of a perpetuity that starts after 2T, six-month intervals, so this is the present value of the perpetuity that starts after 2T, six-month intervals.
所以就要从永续债券价格里减去,2T期以后,每六月一期券息的贴现值,这部分是永久债券从第2T期后,每半年一期券息的现值
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