Fixed Income: Analysis and Valuation Flashcards

1
Q

Debt Valuation: 3-Step Bond Valuation Process

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2
Q

Debt Valuation: Difficulties in Estimating Cash Flow Stream

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3
Q

Debt Valuation: Valuing an Annual-Pay Bond Using a Single Discount Rate - Example

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4
Q

Debt Valuation: Calculate a Zero-Coupon Bond Price

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5
Q

Debt Valuation: Price Change as Maturity Approaches - Graph

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6
Q

Debt Valuation: Value Change as Time Passes Problem

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7
Q

Debt Valuation: Price-Yield Relationship Semiannual-Pay 8% 3-year Bond

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8
Q

Debt Valuation: Arbitrage-Free Bond Prices

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9
Q

Debt Valuation: Arbitrage-Free Pricing Example

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10
Q

Debt Valuation: Arbitrage Process

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11
Q

Yield/Spot/Forwards: Sources of Bond Return

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12
Q

Yield/Spot/Forwards: Traditional Measures of Yield

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13
Q

Yield/Spot/Forwards: YTM for an Annual-Pay Bond - Example

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14
Q

Yield/Spot/Forwards: YTM for a Semiannual-Pay Bond - Formula

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15
Q

Yield/Spot/Forwards: Semiannual-Pay YTM - Example

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16
Q

Yield/Spot/Forwards: Equivalent - Yields - Problem

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17
Q

Yield/Spot/Forwards: Current Yield

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18
Q

Yield/Spot/Forwards: Yield Measures - Problem

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19
Q

Yield/Spot/Forwards: Yield to First Call/ Refunding

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20
Q

Yield/Spot/Forwards: Yield to Call Problem

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21
Q

Yield/Spot/Forwards: Yield to Put/Cash Flow Yield

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22
Q

Yield/Spot/Forwards: Assumptions/Limitations of Traditional Yield Measures

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23
Q

Yield/Spot/Forwards: Factors affecting Reinvestment Risk

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24
Q

Yield/Spot/Forwards: Annual-Pay YTM to Semiannual-Pay YTM - Example

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25
Yield/Spot/Forwards: Semiannual-Pay YTM to Annual-Pay YTM - Example
26
Yield/Spot/Forwards: Theoretical Treasure Spot Rates - T-Bill
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Yield/Spot/Forwards: Nominal / Zero-Volatility Spreads
28
Yield/Spot/Forwards: Option-Adjusted Spreads
29
Yield/Spot/Forwards: Forward Rates
30
Yield/Spot/Forwards: Spot Rate/ Forward Rates - Formulas
31
Yield/Spot/Forwards: Forward Rates from Spot Rates - Example
32
Yield/Spot/Forwards: Spot Rates from Forward Rates - Example
33
Yield/Spot/Forwards: Forward Rates - Problem
34
Interest Risk: Measuring Interest Rate Risk
35
Interest Risk: Option-Free Bond Price-Yield Curve
36
Interest Risk: Callable Bond Value
37
Interest Risk: Price-Yield for Putable Bond
38
Interest Risk: Computing Effective Duration
39
Interest Risk: Effective Duration - Example
40
Interest Risk: Duration Measures
41
Interest Risk: Effective Duration
42
Interest Risk: Duration Interpretation
43
Interest Risk: Bond Portfolio Duration
44
Interest Risk: The Convexity Adjustment - Graph
45
Interest Risk: Convexity Effect
46
Interest Risk: Duration- Convexity Estimated - Example
47
Interest Risk: Modified and Effective Convexity
48
Interest Risk: Price Value of a Basis Point - Example
49
Interest Risk: Impact of Yield Volatility
50
Interest Risk: Effective Duration - Problem
51
Interest Risk: Duration and Convexity - Problem
52
Credit Analysis: Credit-Related Risks
53
Credit Analysis: Seniority Ranking
54
Credit Analysis: Priority of Claims in Bankruptcy
55
Credit Analysis: Credit Ratings Types
56
Credit Analysis: Credit Ratings - Grades
57
Credit Analysis: Credit Ratings - Problem
58
Credit Analysis: Risks in Relying on Credit Ratings
59
Credit Analysis: Components of Credit Analysis
60
Credit Analysis: Capacity
61
Credit Analysis: Collateral
62
Credit Analysis: Covenants
63
Credit Analysis: Character
64
Credit Analysis: Financial Ratios
65
Credit Analysis: Leverage Ratios
66
Credit Analysis: Coverage Ratios
67
Credit Analysis: Credit Quality - Example
68
Credit Analysis: Yield Spreads | Level and Volatility
69
Credit Analysis: Return Impact of Spread Changes
70
Credit Analysis: Return Impact - Problem
71
Credit Analysis: High Yield Bonds: Sources of Liquidity
72
Credit Analysis: High Yield Bonds: Projections /. Debt Structure Analysis
73
Credit Analysis: High Yield Bonds:Corporate Structure Analysis
74
Credit Analysis: Covenants' Analysis
75
Credit Analysis: Sovereign Bonds
76
Credit Analysis: Analysis of Sovereign Bonds
77
Credit Analysis: Municipal Bonds
78
Credit Analysis: Analysis of Municipal Bonds