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Hirt/Block Cover
Fundamentals of Investment Management, 7/e
Geoffrey A. Hirt, DePaul University
Stanley B. Block, Texas Christian University

Principles of Bond Valuation and Investment

Chapter Objectives


  1. Describe how the valuation of a bond is based on present value techniques.
  2. Explain the differences among various concepts of yield such as yield to maturity, yield to call, and anticipated realized yield.
  3. Describe the techniques for anticipating changes in interest rates.
  4. Develop an investment strategy for investing in bonds.
  5. Describe how bond swaps may be used to increase after-tax returns.




McGraw-Hill/Irwin