NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • Corporate Bond Yields: Higher than government bonds due to credit risk.
  • Bond Cash Flows: Include coupons and principal repayment.
  • Market Price vs. Intrinsic Value: Guides investment decisions.
  • Yield Calculation: Uses Excel for precise bond valuation.
  • Interest Rate Sensitivity: Longer maturity bonds are more sensitive to rate changes.

NISM PMS Distributors ( NISM 21A )

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