Key Concepts and Skills • Know the important bond features and bond types • Understand bond values and why they fluctuate • Understand bond ratings and what they mean &bull ...
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...Key concepts and skills know the important bond features types understand values why they fluctuate ratings what mean impact of inflation on interest rates term structure determinants yields chapter outline bonds valuation more about some different markets definitions par value face coupon rate payment maturity date yield or to present cash flows as change pv coupons annuity lump sum increase decrease so prices vice versa valuing a discount with annual consider is has years using formula b calculator n i y pmt fv cpt...