NISM Series IV: Currency Derivatives Certification Exam Notes
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Fixed Income Securities: Pay fixed interest periodically and return principal at maturity.
Bond Components: Include issue price, face value, coupon, coupon frequency, and maturity date.
Government Bonds: Issued by governments, considered low-risk, often called sovereign or gilt-edged bonds.
Municipal Bonds: Issued by local authorities for infrastructure projects.
Corporate Bonds: Issued by companies, carry higher risk, and offer higher yields than government bonds.
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