NISM 10A Investment Adviser Level 1 Notes

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  • Zero-Coupon Bonds: Sold at discount, paying no coupons but principal at maturity.
  • Bond Diversification: Spreads risk across issuers, maturities, and sectors.
  • Inflation Impact: Reduces real returns on fixed-income securities.
  • Reinvestment Risk: Arises when coupon payments are reinvested at lower rates.
  • Bond Laddering: Invests in bonds with staggered maturities to manage interest rate risk.

NISM 10A NISM Investment Adviser Level 1

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