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CAS Exam 9 Study Notes: Bond Pricing and Interest Rates
2019-04-07
My notes on bond prices and interest rates are now available. These notes are based chapters 14 and 15 of the textbook Investments by Bodie, Kane, and Marcus. The notes explain how to determine prices and yields to maturity of bonds. Yields of bonds of various maturities are used to determine the yield curve, followed by a discussion of reasons that the yield curve is typically non-flat.
Keywords: Actuarial Science, Study Note, Exam 9