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kurs

English translation: price


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15:00 Jul 12, 2010
Danish to English translations [PRO]
Bus/Financial - Finance (general)
Danish term or phrase: kurs
fx:
"kursen på den 30-årige 4 % obligation med afdrag omkring kurs 97, mens den afdragsfrie version ligger lige under 96"

in this case, "price" does not work.

Thanks!
Michael Burgess
Denmark
Local time: 13:43
English translation:price
Explanation:
I can't see what else it can be
Selected response from:

Chris S
United Kingdom
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1priceChris S
4 -1rateBrian Young
3quote
meirs
3 -1yield
Diarmuid Kennan
Summary of reference entries provided
Price in relation to bonds
Mette Melchior

Discussion entries: 9





  

Answers


1 min   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
yield


Explanation:
.

Diarmuid Kennan
Ireland
Local time: 12:43
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 150

Peer comments on this answer (and responses from the answerer)
disagree  Mette Melchior: The yield is the return on the investment which the investor receives, not the price that is paid for it.
17 mins
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5 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
quote


Explanation:
Shares are quoted, bonds have yields but this is not the yield

meirs
Local time: 14:43
Native speaker of: Native in RomanianRomanian
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15 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
price


Explanation:
I can't see what else it can be

Chris S
United Kingdom
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 23
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Mette Melchior
1 min
agree  Helle B
22 hrs
disagree  Brian Young: price is expressed as an amount of currency, "kurs" is usually expressed as a percentage or rate, as "valuta kursen", which can give a price, by multiplying the quantity desired by the applicable rate.
1 day9 mins
  -> Actually bond prices are quoted as a percentage of face value, not in currency, which is why they are normally between 90 and 110. Rate in the context of bonds suggests interest (coupon or yield), which is what you get, kurs is what you pay. Trust me :-)
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
rate


Explanation:
It is a commonly used term in these matters. Adjustable rates, fixed rates, average rates, the going rate, today's rate.

--------------------------------------------------
Note added at 1 day28 mins (2010-07-13 15:28:40 GMT)
--------------------------------------------------

Rate IS also a price to pay, and is not restricted to interest received. You pay interest on a loan according to a fixed or variable rate of interest. Rate is turned into price by applying the rate to the amount involved. Price is a function of rate.

Brian Young
United States
Local time: 04:43
Works in field
Native speaker of: English
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
disagree  Chris S: Rate is the interest you receive, kurs is the price you pay :-)
15 hrs
neutral  Christine Andersen: Rate is also a price as Brian suggests. I thought of it myself, but was not sure of it in this context, especially after the comments above.
16 hrs
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Reference comments


18 mins
Reference: Price in relation to bonds

Reference information:
See also this link which explains the pricing of bonds.


    Reference: http://www.investopedia.com/university/bonds/bonds5.asp
Mette Melchior
United Kingdom
Specializes in field
Native speaker of: Native in DanishDanish
PRO pts in category: 20
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