British Columbia Institute of Technologywww.bcit.ca/study/courses/fmgt7100

BCIT

FMGT 7100 - Fixed Income Analysis

Financial Management Part-time Studies Course

School of Business

Course Details

This course presents the foundation for fixed income investments, one of the largest and fastest growing segments of global financial markets. Students begin with an introduction to basic features such as the time value of money and the characteristics of fixed income securities and their associated risks. We examine yields and spreads and the effect of monetary policy on financial markets, since these are the primary building blocks for mastering the analysis, valuation, and management of fixed income securities.

Prerequisite(s)

FMGT 7030

Credits

4.0

This course isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.

Learning Outcomes

At the end of this course the student will be able to:

  • Assess the interest rate risk of a floating-rate security
  • Assess why a floating-rate security’s price may differ from par value
  • Compute and interpret the duration and dollar duration of a bond
  • Construct the steps in the bond valuation process
  • Select the types of bonds for which estimating the expected cash flows is difficult
  • Assess the value of a bond and the change in value that is attributable to a change in the discount rate
  • Evaluate the price volatility characteristics for option-free, callable, prepayable, and putable bonds when interest rates change
  • Interpret positive convexity, negative convexity, and their relation to bond price and yield
  • Compute and interpret the effective duration of a bond, given information about how the bond’s price will increase or decrease for given changes in interest rates
  • Compute the approximate percentage price change for a bond, given the bond’s effective duration and a specified change in yield

Effective as of Fall 2011

Related Programs

FMGT 7100 is offered as a part of the following programs:

School of Business

  1. Financial Analyst
    Part-time   Advanced Certificate

Subscribe

Interested in being notified about future offerings of FMGT 7100 - Fixed Income Analysis? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.

Contact Information

Suggest course days and times

If you are interested in taking this course on-campus (classroom delivery only) and would like to see it offered on specific days and/or at specific times, please indicate your preferences below. Day and time suggestions are not applicable to online courses.

The personal information on this form is collected under the authority of the College and Institute Act (RSBC 1996, Ch.52). BCIT will use this information to communicate with you regarding relevant BCIT programs, courses and services. This information is only used by authorized BCIT staff. Email communication sent to and from BCIT is routed through the United States of America. If you have any questions about BCIT's collection and use of this information, please contact BCIT’s manager of Information Access and Privacy.

Programs and courses are subject to change without notice.

Find Courses

Payment Changes At BCIT

We've changed the way we accept payments.

Find out more

Course Navigation, Related Links & Tools

Registration News

Registration is currently open for the Fall 2018 term.

A sneak preview of Winter 2019 term courses is also now available here.

Students may register for Winter 2019 term courses online, by phone, mail or in-person starting Wed, Oct 24 at 9:00 am (PDT).

Classroom Locations

Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at www.bcit.ca/rooms on the first day of any course you are registered for.

Part-time Studies Financial Aid

Will you be studying at BCIT part-time? Do you need assistance funding your studies? Find out if you qualify for Part-time Studies financial aid ›

© BCIT