Page 45 - FINAL CFA SLIDES DECEMBER 2018 DAY 14
P. 45

LOS 52.a: Calculate a bond’s price given
     a market discount rate., p.36                                Session Unit 14:
                                                                  52. Introduction To Fixed Income Valuation




















                                                         tanties                                                            When bond


                                                                                                                               yields
                                                                                                                           decrease, the

                                                                                                                          PV of a bond’s
                                                                                                                           payments (its
                                                                                                                          market value),
                                                                                                                           increases and
                                                                                                                            vice versa!
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