Category: Education Released: Nov 05, 2009 Price: $3.99 Description: **This is a flash card app designed for LEVEL 1 (2009) ** ________________________________________ Watermelon Express, the leader in mobile education and the developer of best selling test prep apps- LSAT Connect, GRE Connect, presents the CFA Review series for Level 1 2009. ________________________________________ • Topics covered: Valuing Debt Securities Spot Yield Curve and Forward Rates Interest Rate Risk Bond valuation Discount rate Effect of changing discount rates Bond price and coupon rate Bond price and maturity date Arbitrage profit Arbitrage-free valuation approach Bond under- or overvaluation Sources of bond returns Yield measures Assumptions for yield measures Reinvestment income Reinvestment risk Spot rates Theoretical treasury spot rate curve Spreads Forward rate Duration Convexity Full valuation approach Interest rate exposure Price volatility of option-free bonds Price volatility of callable bonds Price volatility of putable bonds Modified duration Macaulay duration Effective duration Portfolio duration Limitations of duration Effective convexity Price value of a basis point • Over 100 pages worth of high quality content • Descriptive equations and concepts • Ability to bookmark key review sections Best content ….

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CFA Review 2009: Fixed Income (Analysis and Valuat

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