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FINC 310 - Fixed Income |
Fixed income (or credit) markets are highly competitive and constantly evolving, and the field of fixed income securities is complex and quantitatively demanding. It is rich with opportunity for those skilled in the conceptual framework used for pricing and hedging fixed income securities. The course is based on the CFA Candidate Body of Knowledge©. It provides an overview of the financial system, the concept of market efficiency and characteristics common to all financial assets. It presents the basic features of debt securities, embedded option provisions, relationships among bond prices, spot rates, forward rates and yields, and it introduces the fundamental notion of arbitrage pricing in the context of securities with fixed cash flows. It describes various ways to measure the risks of investing in fixed income securities and factors determining yield spreads. Additional coverage includes demand and supply analysis of bond yields, theories of the term structure of interest rates, asset securitization, and active and passive bond investment strategies
3.000 Credit hours 3.000 Lecture hours Levels: Pharmacy, Pittsburgh Council on HE, Undergraduate Schedule Types: Lecture Business Department Prerequisites: Undergraduate level FINC 331 Minimum Grade of D |
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