英语翻译

英语翻译
Observe that the bond highlighted in figure 16.5 has a maturity date of October 2001 and a coupon equal to 10 per cent of the face value of the bond.That is,10 per cent,or $100 a year on a bond with a face value of $100,will be paid until 2007,and in October 2007,the $100 face value will be repaid.
The yield,or yield to maturity,is defined as the annual rate of return on the bond if the bond were held to maturity.When people refer to the current interest rate on bonds,they are referring to the yield on the bond.Observe that the yield on the highlight bond in figure 16.5 was 5.080 per cent on 30 March 2001,just over half the 10 per cent coupon.