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• Bonds / Fixed Income


  Capital Markets and Investment
• Vijay Tohani is a Senior Lecturer in Finance at the Faculty of Business and Law, Anglia Ruskin University
• Key critical points


  • Describe the relationship between interest rates and bond prices
  • What options do a convertible bond give an investor?
  • Describe the difference between the flat yield and the redemption yield
• Point 1: Describe the relationship between interest rates and bond prices


  1. Further reading and links:

  2. Chap 4, 'Bonds' – CISI International Introduction to Securities and Investment. 16th edn. CISI.

  3. Chap10 'Bond Prices and Yields': Bodie, Kane Marcus, Essentials of Investing. 12th edn. McGrawHill.

  4. Chap 10 'Fixed income Securities' Smart, Zutter, Fundamentals of investing, 14th edn, Pearson.

  5. Part 3 : 'Interest Rates and Bond Valuation' Jordan, Miller, Dolvin, Fundamentals of Investments, 10th edn, McGrawHill.
• Point 2: What options do a convertible bond give an investor?

  1. Further reading and links:

  2. Chap 4, 'Bonds' – CISI International Introduction to Securities and Investment. 16th edn. CISI.

  3. Chap10 'Bond Prices and Yields': Bodie, Kane Marcus, Essentials of Investing. 12th edn. McGrawHill.

  4. Chap 10 'Fixed income Securities' Smart, Zutter, Fundamentals of investing, 14th edn, Pearson.

  5. Part 3 : 'Interest Rates and Bond Valuation' Jordan, Miller, Dolvin, Fundamentals of Investments, 10th edn, McGrawHill.
• Point 3: Describe the difference between the flat yield and the redemption yield

  1. Further reading and links:

  2. Chap 4, 'Bonds' – CISI International Introduction to Securities and Investment. 16th edn. CISI.

  3. Chap10 'Bond Prices and Yields': Bodie, Kane Marcus, Essentials of Investing. 12th edn. McGrawHill.

  4. Chap 10 'Fixed income Securities' Smart, Zutter, Fundamentals of investing, 14th edn, Pearson.

  5. Part 3 : 'Interest Rates and Bond Valuation' Jordan, Miller, Dolvin, Fundamentals of Investments, 10th edn, McGrawHill.
• If you have any questions, please contact Vijay Tohani at [e-mail]