What is this lesson is about?

Fixed income, or bonds as they're called, are one of the largest financial markets. They're one of the most basic financial assets out there and they've been around for a long time. Bonds are simply IOU's, but with a bit more that you need to know about them. In this lesson you'll learn:
• Bond basics: maturity, coupons, covenants.
• Valuing a bond using a DCF
• Why bond prices fluctuate based on interest rates and credit ratings


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