NISM 21B Portfolio Managers Exam Notes

Page 149 Of 168

Go to:

  • Current Yield: Coupon divided by bond price.
  • Duration: Price sensitivity to yield changes.
  • Modified Duration: Percentage price change per yield.
  • Convexity: Adjusts for non-linear price-yield.
  • Credit Spread: Yield difference due to default risk.

NISM 21B Portfolio Managers

Copyright 2025 - MODELEXAM MODELEXAM®