固定收益投资(Fixed Income)科目中主要是学习什么?CFA考试题有没有?

CFA考试中是有10个科目的学习,那固定收益投资(Fixed Income科目在学习的过程中主要是学习什么呢?是不是学习过程中比较你困难呢?我们看看就知道了!

固定收益证券介绍了债券市场的运作、发行债券时的定价问题,同时亦可以认识如何把资产证券化出售。在整个过程中了解到投资债券的风险,以及资产抵押债券(ABS)与保险资金固定收益分析。那2021CFA考试大纲变化是怎样的呢?小编给你说说!

CFA考试

CFA一级:只是增加了一个小的知识点: 计算不同付息频次下债券的年利率。

那考试题是怎么样的呢?小编给你说说!

A 10- year bond was issued four years ago. The bond is denominated in US

dollars, offers a coupon rate of 10% with interest paid semi- annually, and is

currently priced at 102% of par. The bond’s:

A tenor is six years.

B nominal rate is 5%.

C redemption value is 102% of the par value.

【答案及解析】A is correct. The tenor of the bond is the time remaining until the bond’s matu-rity date. Although the bond had a maturity of 10 years at issuance (original

maturity), it was issued four years ago. Thus, there are six years remaining until the maturity date.

B is incorrect because the nominal rate is the coupon rate, i.e., the interest rate that the issuer agrees to pay each year until the maturity date. Although interest is paid semi- annually, the nominal rate is 10%, not 5%. C is incorrect because it is the bond’s price, not its redemption value (also called principal amount,principal value, par value, face value, nominal value, or maturity value), that is equal to 102% of the par value.

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