Académique Documents
Professionnel Documents
Culture Documents
Securities
Fixed-Income Securities
Learning Goals
1. Explain the basic investment attributes of bonds
and their use as investments.
2. Describe the essential features of a bond, note
the role that bond ratings play in the market,
and distinguish among different types of call,
refunding, and sinking-fund provisions.
3. Explain how bonds are priced in the market and
why some bonds are more volatile than others.