Cash Flows & Pricing
Trace regular bond cash flows, yields, compounding and the boundaries of a price calculation.
Cash Flows and Present Value
Build a regular bond price from dated payments, consistent discount periods and an explicit valuation boundary.
Coupon Versus Yield
Distinguish the contractual coupon, current income ratio and yield to maturity without confusing a premium with a better return.
Coupon Frequency and Compounding
Translate annual nominal yields into periodic rates and effective annual rates while preserving the actual coupon schedule.
Clean Price, Dirty Price and Accrued Interest
Reconcile quoted bond prices with accrued coupon amounts while keeping settlement conventions outside a coupon-date model.
Yield to Maturity and Reinvestment
Separate a bond's cash-flow internal rate of return from the compound growth of wealth when coupons are spent, retained or reinvested.
Zero-Coupon Bonds
Use a single maturity payment to understand discount factors, yield sensitivity and the limits of a no-coupon structure.