Tag: bond
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Stocks Dive on Italy Debt Fears
Stocks tumbled on Wednesday in its worst day since August, as a spike in Italian bond yields signaled the European debt crisis was getting worse. The Dow Jones Industrial Average fell 389.24 points, or 3.20%, to 11,780.94. The S&P 500 lost 46.82 points, or 3.67%, to 1,229.10. The Nasdaq Composite sank 105.84 points, or 3.88%,…
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The most important features of bond
The most important features of a bond are: nominal, principal or face amount—the amount over which the issuer pays interest, and which has to be repaid at the end. issue price—the price at which investors buy the bonds when they are first issued. The net proceeds that the issuer receives, are calculated as the issue…