在CFA考試中是有10個科目的學(xué)習，那固定收益投資（Fixed Income）科目在學(xué)習的過程中主要是學(xué)習什么呢？是不是學(xué)習過程中比較你困難呢？我們看看就知道了！
固定收益證券介紹了債券市場的運作、發(fā)行債券時的定價問題，同時亦可以認識如何把資產(chǎn)證券化出售。在整個過程中了解到投資債券的風險，以及資產(chǎn)抵押債券（ABS）與保險資金固定收益分析。那2021年CFA考試大綱變化是怎樣的呢？小編給你說說！
CFA一級：只是增加了一個小的知識點： 計算不同付息頻次下債券的年利率。
那考試題是怎么樣的呢？小編給你說說！
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.
