#### Learning Outcome Statements

My Note:

1. Bond Prices and the Time Value of Money *a. calculate a bond's price given a market discount rate;*
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2. Relationships between Bond Price and Bond Characteristics *b. identify the relationships among a bond's price, coupon rate, maturity, and market discount rate (yield-to-maturity);*
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c. define spot rates and calculate the price of a bond using spot rates;*
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3. Flat Price, Accrued Interest, and the Full Price *d. describe and calculate the flat price, accrued interest, and the full price of a bond;*
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4. Matrix Pricing *e. describe matrix pricing;*
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5. Yield Measures for Fixed-Rate Bonds *f. calculate annual yield on a bond for varying compounding periods in a year;*
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6. Yield Measures for Floating-Rate Notes and Money Market Instruments *g. calculate and interpret yield measures for fixed-rate bonds and floating-rate notes;*
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h. calculate and interpret yield measures for money market instruments;* | |

7. The Maturity Structure of Interest Rates *i. define and compare the spot curve, yield curve on coupon bonds, par curve, and forward curve;*
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j. define forward rates and calculate spot rates from forward rates, forward rates from spot rates, and the price of a bond using forward rates;*
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8. Yield Spreads *k. compare, calculate, and interpret yield spread measures.*
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