AFM: Concepts and Practice · Part C: Financial Management
Chapter 16: Bond prices and yield to maturity
What a bond pays, what it is worth at the market’s yield, what the buyer pays, and how far its price can move.
Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.
In this chapter
- 16.1Bonds, bills and their termsp. 213
- 16.2The price of a bondp. 214
- 16.3Clean and dirty prices: accrued interestp. 215
- 16.4Current yield, YTM and yield to callp. 216
- 16.5Duration and convexityp. 217
- Exam traps and quick checksp. 218
- Practice: 16 questions in three roundsp. 219
- Answers, with every wrong option explainedp. 221
- Make it stickp. 223
- Chapter 16 on one pagep. 224
Corrections and updates
None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.