EVALUATION OF BONDS IN AN ABNORMAL MARKET
The article discusses the application of the income approach to the valuation of bonds in atypical market conditions, characterized by «distortions» in the yield of bonds, caused by insufficient information support of the valuation process associated with unavailability of information about the issuing company and (or) poor financial condition. Recommendations are given on the application of the method of cumulative calculation of the discount rate when implementing the income approach to the valuation of bonds in an abnormal market.