- CFA Exams
- Dec. 2020 Level 1
- Study Session 14. Fixed Income I
- Reading 44. Introduction to Fixed-Income Valuation

### Reading 44. Introduction to Fixed-Income Valuation

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### Learning Outcome Statements

Reading 44. Introduction to Fixed-Income Valuation | |
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1. Bond Prices and the Time Value of Moneya. calculate a bond's price given a market discount rate; | |

2. Relationships between Bond Price and Bond Characteristicsb. identify the relationships among a bond's price, coupon rate, maturity, and market discount rate (yield-to-maturity);
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3. Flat Price, Accrued Interest, and the Full Priced. describe and calculate the flat price, accrued interest, and the full price of a bond; | |

4. Matrix Pricinge. describe matrix pricing; | |

5. Yield Measures for Fixed-Rate Bondsf. calculate annual yield on a bond for varying compounding periods in a year; | |

6. Yield Measures for Floating-Rate Notes and Money Market Instrumentsg. calculate and interpret yield measures for fixed-rate bonds and floating-rate notes;h. calculate and interpret yield measures for money market instruments; | |

7. The Maturity Structure of Interest Ratesi. define and compare the spot curve, yield curve on coupon bonds, par curve, and forward curve;
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8. Yield Spreadsk. compare, calculate, and interpret yield spread measures. |