WEBVTT 00:00:00.318 --> 00:00:01.670 В това видео искам 00:00:01.670 --> 00:00:05.019 да дам не толкова математическо обяснение 00:00:05.019 --> 00:00:09.684 защо цените на облигациите се движат 00:00:09.684 --> 00:00:13.367 в противоположна посока на лихвените проценти, 00:00:13.367 --> 00:00:16.933 значи цените на облигациите срещу лихвените проценти. 00:00:17.367 --> 00:00:21.701 За начало, ще почна с проста облигация, 00:00:21.701 --> 00:00:24.033 която дава купон, 00:00:24.033 --> 00:00:25.233 и ще поговорим малко за 00:00:25.233 --> 00:00:26.900 колко би платил за тази облигация 00:00:26.900 --> 00:00:28.966 ако лихвеният процент се качи или спадне. 00:00:28.966 --> 00:00:32.546 Нека почнем с облигация от някаква компания. 00:00:32.546 --> 00:00:34.800 Нека да го запиша. 00:00:35.253 --> 00:00:39.767 Това може да е компания А. 00:00:39.767 --> 00:00:41.166 Не е нужно да е от компания. 00:00:41.166 --> 00:00:42.566 Може да е от община 00:00:42.566 --> 00:00:44.833 или от американското правителство. 00:00:44.833 --> 00:00:48.566 Нека да кажем, че е облигация за 1000 долара. 00:00:48.566 --> 00:00:53.333 00:00:55.368 --> 00:00:58.435 00:00:58.681 --> 00:01:01.266 00:01:01.653 --> 00:01:04.100 00:01:04.100 --> 00:01:09.733 00:01:10.100 --> 00:01:12.654 00:01:12.654 --> 00:01:13.654 00:01:13.654 --> 00:01:15.506 00:01:15.506 --> 00:01:18.966 00:01:18.966 --> 00:01:20.167 00:01:20.167 --> 00:01:22.066 00:01:22.463 --> 00:01:23.500 00:01:23.500 --> 00:01:25.868 00:01:26.202 --> 00:01:29.509 00:01:29.509 --> 00:01:32.433 00:01:32.433 --> 00:01:34.756 00:01:35.186 --> 00:01:37.335 00:01:37.335 --> 00:01:40.101 00:01:40.101 --> 00:01:41.500 00:01:41.500 --> 00:01:43.966 00:01:43.966 --> 00:01:46.695 00:01:46.695 --> 00:01:51.079 00:01:51.079 --> 00:01:53.701 00:01:53.701 --> 00:01:56.900 00:01:56.900 --> 00:02:01.133 00:02:01.500 --> 00:02:04.033 00:02:04.033 --> 00:02:04.900 00:02:04.900 --> 00:02:07.734 00:02:07.951 --> 00:02:10.400 00:02:10.566 --> 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