Fixed Income

CFA Level I — Exam Weight: 11-14%

5

Modules

22

Concepts

17

Formulas

14

Quiz Questions

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Modules in Fixed Income

5 learning modules covering 11-14% of the CFA Level I exam.

1

Fixed-Income Instrument Features

4 concepts 2 formulas 2 questions
2

Fixed-Income Cash Flows and Types

4 concepts 3 formulas 2 questions
3

Fixed-Income Bond Valuation

4 concepts 4 formulas 3 questions
4

Interest Rate Risk and Duration

5 concepts 5 formulas 4 questions
5

Credit Risk and Credit Analysis

5 concepts 3 formulas 3 questions

Key Formulas

10 essential formulas for Fixed Income.

Bond Price

P = Σ[C/(1+r)ᵗ] + FV/(1+r)ⁿ

PV of coupons + PV of par

Current Yield

CY = Annual Coupon / Price

Income return only

YTM

Rate that equates PV of all CFs to price

Total return if held to maturity

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