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Fixed Income Instrument Features (2024/2025 CFA® Level I Exam – Fixed Income – Learning Module 1)
Master the Fixed Income – Defining Elements reading for the 2024/2025 CFA® Level I exam. In this lesson Jim covers who issues bonds (sovereigns, corporates, supranationals), what the proceeds fund, and what bondholders receive: coupons + principal. You’ll learn bond features (par/face value, maturity), coupon rate vs. current yield vs. YTM ...
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