Huang din BUtiC VAO THI TRUUNG QU6C TE - lib

phat hanh cheing khoan 16n de' ban cho cac nggn hang va cacnha dhu tu khtic ten toan the gidi.Mot brit phieu la mot manh giay earn legt "t6i no anh"(IOU - I owe you) tao cho ngudi gig no quyen nhan mot setnen nao de) tai mOt thoi diem nao do. Ngueti vay hay ngudiphat hanh trai phigh co hai bon phan. Thit nhat : ngudi phathanh phai tra lai so ben ban nu da vay, so tin nay duoc goila von g6c. This hat, ngulti vay can phai tra lai sugt dish ky dethuOng cho nhang ngulti mua trai phieu de dau tu. Cackhotin thanh town ties lai nay cling dupe goi la phigu thuongtue la cac cuOng phigu nhe duoc gem vao trai phieu Crude day,khi chug co cac thi truong then to lam cho cac tO giay giao:Itch nhu vay trit nen khOng can thigt nem.• De xac Binh giti tri cut.' mOt 6E6 phigu can phai tinh town laiphai tra cho thOi gian tign tai act trai phieu va so sanh no voirnOt ty le lai swat cfau tu khac trong thuong truemg quOcGni cha trai phigu luOn duoc ndng len hoar gram xueingohan anh Chi truOnu. Ve co ban, cac trai phieu bam then ty ledi sudt. Mot trai phieu co lai suat tuong doi thap se dudean vgi gia hd hon khi cO cat: trai phieu co bit sulit cao duocThat Muth ra. Mew trai phieu cO muc Itii theip, co the hi ban/di gia 95% gia tri ban dau (Ma no, hoc bi ban phti gia nhamact cho no su hap dan can thigt de cash tranh tab cac !Galrai phieu khac. Bang each nit draft cho mot trai phigu, ngulbnua se nhan duoc men kholtn Iai cao hon cho s6 tin chin tu.nhu trO choi bap benh, khi mot ngudi len cao thi nguincia se phai xueing that).Cling nhu vay, khi tit le 1th swat ha xtaing, gia cna cacrai phieu hien co tang len. Trong thei ky lai swat giam,trai phieu co mac lai :mat cao se nhan thliy gia cue:hOng tang len cho tOi khi loi nhuan cunt chUng ngang bangdi cat trai phigu khac tren thi truOng ce cimg thdi giantoo han va rui ro. Gia cha mOt 6(6 phigu co the len cao67