NISM 10A Investment Adviser Level 1 Notes

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  • Bond Valuation: Uses present value of future cash flows, adjusted for yield and maturity.
  • YTM Importance: Reflects total return if bond is held to maturity, including coupons.
  • Current Yield: Annual coupon payment divided by bond’s market price.
  • Yield to Call: Yield if bond is called before maturity, relevant for callable bonds.
  • Duration Impact: Higher duration increases sensitivity to interest rate changes.

NISM 10A NISM Investment Adviser Level 1

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