From the course: Cert Prep: CFA Exam Level 1
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Key topics: Fixed income
From the course: Cert Prep: CFA Exam Level 1
Key topics: Fixed income
- [Instructor] Fixed income is a major part of the CFA Level I exam, covering bonds, yields, credit risk, and structured products, among other things. And like every section on the test, it's not just about knowing the content, it's about knowing how to approach the questions. In this video, we'll walk through strategies for tackling fixed income problems effectively, including prioritizing key formulas, identifying question traps, and managing time and calculators wisely. So let's start with strategy number one, master core formulas. Start with the core formulas in the fixed income space. You won't be asked to memorize every variation, but you will be expected to recognize what values go where, adjust for annual versus semiannual payments, and interpret the relationship between inputs like coupon rate and yield to maturity. Memorize structures, not just numbers. Make sure you know the formulas for bond price, current…
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