CFA Fixed Income - CFA Smart Tips To Pass Your Level 1 Exam
Learn Fixed Income Coupon vs Yield, Discount vs Premium, Inverse Price-Yield Relationships, OAS & Z Spreads & More
3.50 (3 reviews)
39
students
6.5 hours
content
Jun 2023
last update
$64.99
regular price
What you will learn
Identify the defining elements of Fixed Income Securities
Explain the difference between coupon and yield in Fixed Income Securities.
Calculate the value of an annual coupon-paying bond.
Differentiate between discount bonds and premium bonds.
Calculate the yield to maturity (YTM) of a bond.
Describe the inverse relationship between price and yield.
Analyze the convexity of the price-yield curve.
Understand the concept of Macaulay Duration and its calculation.
Evaluate the duration gap and its impact on price and reinvestment risk.
Calculate modified duration using the Macaulay Duration approach.
Calculate modified duration using mathematical methods.
Compare and contrast Macaulay Duration, modified duration, and effective duration.
Value a bond using spot rates.
Differentiate between spot rates and yield to maturity.
Apply the LEGO block method to calculate forward rates from spot rates.
Identify and explain the features of convertible, callable, and putable bonds.
Evaluate the concept of Z-spreads and its impact on interest rate floors and caps.
Understand the concept of option-adjusted spread (OAS) and its relation to callable bonds.
Analyze the positive convexity of putable bonds.
Examine how bond maturity, coupon, and yield levels affect duration.
Demonstrate the ability to use Macaulay Duration to assess price risk.
Demonstrate the ability to use Macaulay Duration to evaluate reinvestment risk.
Apply the concepts learned to solve practical bond valuation problems.
Analyze the impact of different interest rate scenarios on bond prices.
Assess the risk and return characteristics of fixed income securities.
Evaluate the suitability of different fixed income securities for specific investment objectives.
Apply critical thinking skills to assess the impact of market factors on fixed income securities.
Demonstrate a comprehensive understanding of Fixed Income concepts through a final assessment.
Apply the knowledge gained to confidently tackle Fixed Income questions in the CFA Level 1 exam.
Develop a solid foundation in Fixed Income that will serve as a basis for future CFA levels and a career in finance.
Screenshots
Related Topics
4592640
udemy ID
3/12/2022
course created date
10/26/2022
course indexed date
Bot
course submited by