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? Def. of a bond: A debt(債務(wù) ) security that promise to make payments(支付本金及利息 ) periodically for a specified period of time. ? 由資金需求者發(fā)行 (issue): ? 國(guó)內(nèi)外公司 (企業(yè) ) : 公司債 (corporate bonds) ? 國(guó)內(nèi)外政府 :公債 (government bonds) ? 金融中介機(jī)構(gòu) (. 銀行 banks):金融債券 (financial bonds) 4 Why Study Financial Markets?(3) ? Bonds . Interest rate Markets ? Def. of interest rate : The cost of borrowing or the price