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Level 7
· ◆◆ · ~11 min
Valuing Bonds
Valuing Bonds
"A bond is nothing but an annuity of coupons plus a lump-sum face value — point World 1's shortcuts at it and the price falls out."
coupons, face value & maturitybond price as PV of cash flowsyield to maturitypar, premium & discount bonds
A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.