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Establishment
Language of instruction
English
Teaching content
FINANCE
Training officer(s)
M.PETITJEAN
Stakeholder(s)
Mikael PETITJEAN
Présentation
Prerequisite
Students must have following an introductory course in finance. For example, they must know what discounting and interest compounding mean.
Goal
At the end of the course, the student should be able to:
- describe all the key features of a fixed-income security;
- identify the risks associated with investing in bonds ;
- identify the different bond sectors and instruments ;
- understand yield spreads ;
- value some key debt instruments ;
- use yield measures, spot rates and forward rates appropriately ;
- measure interest rate risk.
- describe all the key features of a fixed-income security;
- identify the risks associated with investing in bonds ;
- identify the different bond sectors and instruments ;
- understand yield spreads ;
- value some key debt instruments ;
- use yield measures, spot rates and forward rates appropriately ;
- measure interest rate risk.
Presentation
TOPIC 1 : FIXED-INCOME SECURITIES: DEFINING ELEMENTS
TOPIC 2 : FIXED-INCOME MARKETS: ISSUANCE, TRADING, AND FUNDING
TOPIC 3 : INTRODUCTION TO FIXED-INCOME VALUATION
TOPIC 4 : UNDERSTANDING FIXED-INCOME RISK AND RETURN
TOPIC 2 : FIXED-INCOME MARKETS: ISSUANCE, TRADING, AND FUNDING
TOPIC 3 : INTRODUCTION TO FIXED-INCOME VALUATION
TOPIC 4 : UNDERSTANDING FIXED-INCOME RISK AND RETURN
Modalités
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Présentiel | |||
| Cours magistral | 16,00 | Discussion based on problem-solving MCQs | |
| Distanciel | |||
| Video-Conferences | 10,00 | Prerequisites for each interactive course | |
| Autoformation | |||
| Lecture du manuel de référence | 8,00 | Prerequisites for each interactive course | |
| Travail personnel | |||
| Charge de travail personnel indicative | 16,00 | Answer MCQs online as preparation for the interactive course | |
| Overall student workload | 50,00 | ||
Evaluation
The exam is based on 20 short questions which are often related to mini-case studies and for which a computation must often be done using a financial calculator.
Ressources
Bibliography
Pettit, B., Pinto, J., and Pirie, W. (2015) Fixed Income Analysis Workbook, CFA Institute Investment Series, 3rd Edition, John Wiley & Sons, 192 p. (ISBN-13: 978-1118999509). -
Internet resources