Your starting point
Markets, Investments and Risk
Why does a fixed coupon lose value when market yields rise? An annual-pay plain bond pays a fixed coupon and returns principal at maturity if the issuer performs. The yield is the single discount rate that reproduces the price from promised cash flows.
Price a bondFoundation · Quick, Deep, ApplyEstimate bond rate sensitivityIntermediate · Quick, Deep, ApplyPrerequisite · Expected valueUse the linked prerequisite and related topics to build your path.