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