Assertion: debt instrument's yield | /r/HasProperty | assigned to the bond’s cash flows
Facets:
Source sentences:
text: Coupon-bearing bonds are priced using spot rates by assigning the yield of a pure discount instrument maturing in six months to the coupon payment six months from now, the yield of a one-year pure discount instrument to the coupon payments one year from now, and so on, until yields have been assigned to all the bond’s cash flows.