在CFA考試中是有10個(gè)科目的學(xué)習(xí)，那固定收益投資（Fixed Income）科目在學(xué)習(xí)的過(guò)程中主要是學(xué)習(xí)什么呢？是不是學(xué)習(xí)過(guò)程中比較你困難呢？我們看看就知道了！

固定收益證券介紹了債券市場(chǎng)的運(yùn)作、發(fā)行債券時(shí)的定價(jià)問(wèn)題，同時(shí)亦可以認(rèn)識(shí)如何把資產(chǎn)證券化出售。在整個(gè)過(guò)程中了解到投資債券的風(fēng)險(xiǎn)，以及資產(chǎn)抵押債券（ABS）與保險(xiǎn)資金固定收益分析。那2021年CFA考試大綱變化是怎樣的呢？小編給你說(shuō)說(shuō)！

CFA一級(jí)：只是增加了一個(gè)小的知識(shí)點(diǎn)： 計(jì)算不同付息頻次下債券的年利率。

那考試題是怎么樣的呢？小編給你說(shuō)說(shuō)！

A 10- year bond was issued four years ago. The bond is denominated in US

dollars, offers a coupon rate of 10% with interest paid semi- annually, and is

currently priced at 102% of par. The bond’s:

A tenor is six years.

B nominal rate is 5%.

C redemption value is 102% of the par value.

【答案及解析】A is correct. The tenor of the bond is the time remaining until the bond’s matu-rity date. Although the bond had a maturity of 10 years at issuance (original

maturity), it was issued four years ago. Thus, there are six years remaining until the maturity date.

B is incorrect because the nominal rate is the coupon rate, i.e., the interest rate that the issuer agrees to pay each year until the maturity date. Although interest is paid semi- annually, the nominal rate is 10%, not 5%. C is incorrect because it is the bond’s price, not its redemption value (also called principal amount,principal value, par value, face value, nominal value, or maturity value), that is equal to 102% of the par value.