来自《耶鲁大学开放课程：金融市场 第14集 第14集》

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  and we got a kicker.
  成为了我们的代表
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  So, that was kind of our first experience
  大致上这就是第一次经历
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  the thing that made us aware that
  使我们注意到
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  not filing financial statements was an event of default and,
  不准时报送财政报表属于违约行为
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  therefore,
  从而
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  something that would entitle you to the payment immediately.
  让你有权要求立即偿付
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  So, for companies that could pay you back,
  所以 那些能够付款给你的公司
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  but their bonds are trading below par,
  其债券以低于面值的价格交易
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  probably because they have a low coupon.
  也许是因为息票率比较低
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  So, if a bond was issued when interest rates were lower,
  如果债券在利率较低时发行
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  they might have a 4% coupon
  息票率可能是4%
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  when the prevailing rate is 6%.
  如果大部分的息票率是6%