NISM 21B Portfolio Managers Exam Notes

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  • Fixed Income Securities: Promise periodic cash flows, e.g., bonds.
  • Bond Characteristics: Include coupon rate, maturity, par value.
  • Coupon Rate: Annual interest as percentage of par value.
  • Maturity: Time until principal repayment.
  • Par Value: Face value repaid at maturity.

NISM 21B Portfolio Managers

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