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Bond Math and Pricing
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Module 1
Foundations of Bond Valuation and Yield to Maturity
1
Bond Pricing with Yield to Maturity
Formulate the price of a bond as the present value of its cash flows using a single discount rate (YTM).
2
Bond Pricing in Python
Implement a Python function to price a bond given its coupon, maturity, and YTM.
3
Bond Prices & Yields: An Inverse Relationship
Explain the inverse, non-linear relationship between bond price and yield.
Bond YTM Calculation with Python Root-Finding Methods
Derive the yield-to-maturity (YTM) of a bond from its market price using numerical root-finding methods in Python.
5
YTM vs. Term Structure: Pricing & Limitations
Distinguish between pricing using a single YTM and a term structure of rates, highlighting the theoretical limitations of YTM.
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The Term Structure: Spot and Forward Rates