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Documents Part1 Bond Valuation What is a bond? –Different issuers –Different maturities –Different...

Slide 1 Part1 Bond Valuation  What is a bond? –Different issuers –Different maturities –Different styles –Bond rating –Terminology  Bond pricing –Zero coupon…

Documents CHAPTER 5 BOND PRICES AND INTEREST RATE RISK. Learning Objectives Explain the time value of money...

CHAPTER 5 BOND PRICES AND INTEREST RATE RISK Copyright© 2006 John Wiley & Sons, Inc. Learning Objectives Explain the time value of money and its application to bonds…