U.S. Treasury bills (T-bills) are sold at auction, typically at a discount from their par value. The maturity length and the ...

Learn about unamortized bond discounts—what they mean, how they are accounted for, and what they reveal about bond pricing ...

Discount rates matter centrally for nearly all investments, and have been a focus for me. My ongoing work on Safehold (SAFE) has directed my attention their way even more strongly. Setting those rates ...

First, let’s be clear on what the discount rate is. If we consider valuation calculations as a two-step process, the first step is to determine the expected future cash flows from the pension scheme ...