SCHWESERNOTES™ 2019 LEVEL I CFA® BOOK 5: FIXED INCOME, DERIVATIVES, AND
ALTERNATIVE INVESTMENTS
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Author(s): Schweser, Kaplan
Series: LEVEL 1
Year: 2019
Language: English
Pages: 219
Contents......Page 2
List of pages......Page 4
Learning Outcome Statements (LOS)......Page 9
Module 50.1: Bond Indentures, Regulation, and Taxation......Page 16
Module 50.2: Bond Cash Flows and Contingencies......Page 22
Key Concepts......Page 31
Answer Key for Module Quizzes......Page 33
Module 51.1: Types of Bonds and Issuers......Page 34
Module 51.2: Corporate Debt and Funding Alternatives......Page 39
Key Concepts......Page 45
Answer Key for Module Quizzes......Page 48
Module 52.1: Bond Valuation and Yield to Maturity......Page 49
Module 52.2: Spot Rates and Accrued Interest......Page 53
Module 52.3: Yield Measures......Page 57
Module 52.4: Yield Curves......Page 63
Module 52.5: Yield Spreads......Page 68
Key Concepts......Page 71
Answer Key for Module Quizzes......Page 74
Module 53.1: Structure of Mortgage-Backed Securities......Page 76
Module 53.2: Prepayment Risk and Non-Mortgage-Backed ABS......Page 83
Key Concepts......Page 93
Answer Key for Module Quizzes......Page 96
Module 54.1: Sources of Returns, Duration......Page 98
Module 54.2: Interest Rate Risk and Money Duration......Page 108
Module 54.3: Convexity and Yield Volatility......Page 111
Key Concepts......Page 118
Answer Key for Module Quizzes......Page 121
Module 55.1: Credit Risk and Bond Ratings......Page 123
Module 55.2: Evaluating Credit Quality......Page 129
Key Concepts......Page 139
Answer Key for Module Quizzes......Page 142
Topic Assessment: Fixed Income......Page 143
Topic Assessment Answers: Fixed Income......Page 146
Module 56.1: Forwards and Futures......Page 148
Module 56.2: Swaps and Options......Page 152
Key Concepts......Page 156
Answer Key for Module Quizzes......Page 157
Module 57.1: Forwards and Futures Valuation......Page 158
Module 57.2: Forward Rate Agreements and Swap Valuation......Page 164
Module 57.3: Option Valuation and Put-Call Parity......Page 168
Module 57.4: Binomial Model for Option Values......Page 173
Key Concepts......Page 178
Answer Key for Module Quizzes......Page 181
Module 58.1: Private Equity and Real Estate......Page 183
Module 58.2: Hedge Funds, Commodities, and Infrastructure......Page 192
Key Concepts......Page 203
Answer Key for Module Quizzes......Page 207
Topic Assessment: Derivatives and Alternative Investments......Page 209
Topic Assessment Answers: Derivatives and Alternative Investments......Page 211
Appendix......Page 213
Formulas......Page 217
Copyright......Page 219
