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 (underwriting)      ,     ,     .     () .

     ,   ,   ,     .       ,     .      -     - ,    ,     ,   (.   ..  . .: : , 2008).

 ,   ,   -        .

   ,         ,          .            ,          . ,   ,          ,         .    ,             .         ,     .    -        ,         . ,       ,     .          ,        .       ,    .                        .            ,         ( . http://www.samoobrazovanie.narod.ru).

 ,           ,    -.       2 .    (.   ..  . .: : , 2008).

  ,   ,               ,       . ,         20%    40 000 ,   ,         10 000 ,        2000 .        ,    .

   -       .    ,     ,                  .         (   www.denisshevchuk.narod.ru).

,            5 .    ,  57%       ,  8,75 .          ,     .          .        ,         ,      .        2,50 .      ,  5,00 .

,      (best efforts offering)   ,                   .  ,     , .

                    .           ,      .         .  ,      .                 .               (.   ..  . .: : , 2007).

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  (privileged subscription)      .         .

           ,            .         .     ,        ,    ,     ,          .

  (preemptive right)         ,              .

            .       ,           ,         . ,   100  ,              10%.     ,        10   ,         .

 .                ,             .        ,   , ..         ,     .          .            (.   ..  . .: : , 2007).

     INTERFINANCE   ,              .     ,       ,  ,   ;    .            ,    .            ,       .




 


           .              .      () :

         ();

         ;

        .

       .     .

         ,                (Offer for Sale Method).      ,    .

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           :

)               ( 100 )             50. .;

)                 50. .




 


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 (bonds)          (fixed income securities).

  :  ,   (face value),   (redemption value)    ,     ,   (date of maturity),  ,     (coupon rate),      .        .     ,    .

 .      .             .    ,         .

.  :

   ,        ;

   (corporate bonds),    ,    ,      ;

      (corporate debentures).

. :

    (term bonds);

   ,   (perpetuities), ,      ,        .         (     ),  .

.    ( ):

  (bullet bonds);

      ;

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.   :

  ,     (.  );

   ;       (zero coupon bonds);

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  ,         ;     .

        ,       -  .

     .             -    .          (at par),  ,    (discount bond),   ,    (premium bond).  ,       ,    ,      .

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           (call protection).       ,       .  ,  ,     ,        (.. .   . .:  , 2008).

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K= P/N (%)

 ʗ  ;

   ;

N   .

,     10000.   9700.,     97.

       :

    ;

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              :

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3. ,    .      ,     .      . ,         ,           ,  .    , ,          .   ,             .

 .          , ,          ,    .   ,              .  ,     ,    .        .  ,   ,                     (     ).

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1.   

2.    ,    . ,             ,             .

       .         ,   ,     




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   .

   ,     (https://www.litres.ru/denis-shevchuk/istochniki-finansirovaniya-biznesa/)  .

      Visa, MasterCard, Maestro,    ,   ,     ,  PayPal, WebMoney, ., QIWI ,       .


