Financial Markets

  1. Fixed Income Markets
    1. Bond Fundamentals
      1. Bond Characteristics
        1. Par Value
          1. Coupon Rate
            1. Maturity Date
              1. Yield to Maturity
              2. Bond Pricing Principles
                1. Present Value of Cash Flows
                  1. Discount Rate Determination
                    1. Price-Yield Relationship
                    2. Bond Features
                      1. Call Provisions
                        1. Put Provisions
                          1. Sinking Fund Provisions
                            1. Conversion Features
                          2. Government Securities
                            1. Treasury Securities
                              1. Treasury Bills
                                1. Treasury Notes
                                  1. Treasury Bonds
                                    1. STRIPS
                                    2. Treasury Inflation-Protected Securities
                                      1. Inflation Adjustment Mechanism
                                        1. Real vs. Nominal Returns
                                        2. Agency Securities
                                          1. Government-Sponsored Enterprises
                                            1. Implicit vs. Explicit Guarantees
                                          2. Municipal Bonds
                                            1. General Obligation Bonds
                                              1. Taxing Authority Backing
                                                1. Credit Analysis
                                                2. Revenue Bonds
                                                  1. Project-Specific Cash Flows
                                                    1. Revenue Adequacy Analysis
                                                    2. Tax Considerations
                                                      1. Federal Tax Exemption
                                                        1. State and Local Tax Treatment
                                                          1. Alternative Minimum Tax
                                                        2. Corporate Bonds
                                                          1. Investment Grade Bonds
                                                            1. Credit Rating Categories
                                                              1. Institutional Investor Focus
                                                              2. High-Yield Bonds
                                                                1. Credit Risk Premiums
                                                                  1. Default Risk Analysis
                                                                  2. Convertible Bonds
                                                                    1. Conversion Features
                                                                      1. Hybrid Security Characteristics
                                                                      2. Callable Bonds
                                                                        1. Call Risk Analysis
                                                                          1. Yield to Call Calculations
                                                                        2. Mortgage-Backed Securities
                                                                          1. Pass-Through Securities
                                                                            1. Cash Flow Characteristics
                                                                              1. Prepayment Risk
                                                                              2. Collateralized Mortgage Obligations
                                                                                1. Tranching Structure
                                                                                  1. Credit Enhancement
                                                                                  2. Asset-Backed Securities
                                                                                    1. Underlying Asset Types
                                                                                      1. Securitization Process

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                                                                                  8. Equity Valuation Methods

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                                                                                  10. Bond Valuation and Risk Analysis