Bond pricing, yield measures, and term structure basics

By the end you’ll be able to

• Calculate the value of a fixed-rate, floating-rate, and zero-coupon bond by discounting expected cash flows at appropriate discount rates.
• Calculate and interpret accrued interest, full price, and clean price for a bond between coupon payment dates.
• Calculate and interpret yield measures, including coupon rate, current yield, yield-to-maturity, semiannual bond basis yields, street convention yield, money market yield, and yield-to-call when applicable.