8/12/2019 Syllabus FIN 493U Fall 2013 Updated
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FIN 493U
Fixed Income SecuritiesCourse Syllabus
Time and Location: Tuesday & Thursday 10:00-11:15 a.m.
(B&E 347)
Instructor: K. Victor Chow, Ph.D., CFAEmail:
[email protected]
Office hours: MW 14:00 16:00
Textbooks:
"Fixed Income Analysis" by F. Fabozzi, Wiley, ISBN:
0-470-05221-XDescription:
Fixed Income investment is the core basis of financial
portfolios for both individuals and
institutions. These investment portfolios include mutual funds,
retirement pension funds,
hedge funds, social security funds, insurance funds,
endowment/charity funds, trustfunds, private equity, and others.
The goal of this course is to provide students a strong
foundation for valuing Fixed Income securities and portfolio
management. That is,
financial valuation and its application to portfolio management
is the main focus of FIN
493.
Expected learning outcomes:
Students are expected to:
Be familiar with basic characteristics of fixed income
securities and risk associatedwith fixed income investment.
Learn methods of fixed income valuation and the theory of
interest rates. Understand the use of fixed income securities for
asset allocation and portfolio
optimization.
Apply valuation tools to practical examples; particularly, those
questions in theCFA exams.
Reading in Textbook:
The textbook is the basic source of information for the course.
It is important to note that
students must read and become thoroughly familiar with the
assigned materials (Text &
Exercise Problems) before coming to the class. My lecture
focuses on discussion of the core
concept of text materials based on the assumption that all
students have carefully read the
assigned chapters according to the enclosed Class Schedule.
Testing and Grading:
There are three examinations in total including the Final exam.
Exam #1, Exam #2 and the Final
are weighted by 30%, 30% and 40% of your total grade,
respectively. Grading policy is according
to the standard grade scale recommended by the university.
mailto:[email protected]:[email protected]:[email protected]
8/12/2019 Syllabus FIN 493U Fall 2013 Updated
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FIN 493U Class Schedule (Fall 2013)
Date Topics
Week 1 Aug. 20 (T)
Aug. 22 (TH)
Chapter 1 Feature of Fixed Income Securities
Chapter 2 Risk Associated with Fixed Income Investment
Week 2 Aug. 27 (T)
Aug. 29 (TH)
Chapter 3 Overview of Bond Sectors and Instruments
Chapter 3 Overview of Bond Sectors and InstrumentsWeek 3 Sept. 3
(T)
Sept. 5 (TH)
Chapter 4 Understanding Yield Spreads
Chapter 4 Understanding Yield Spreads
Week 4 Sept. 10 (T)
Sept. 12 (TH)
Chapter 5 Introduction to the Valuation of Fixed income
Securities
Chapter 6 Yield Measures, Spot Rates, and Forward Rates
Week 5 Sept. 17 (T)
Sept. 19 (TH)
Chapter 6 Yield Measures, Spot Rates, and Forward Rates
Examination #1 (30-point)
Week 6 Sept. 24 (T)
Sept. 26 (TH)
Chapter 7 Introduction to the Measurement of Interest Rate
Risk
Chapter 7 Introduction to the Measurement of Interest Rate
Risk
Week 7 Oct. 1 (T)
Oct. 3 (TH)
Chapter 7 Introduction to the Measurement of Interest Rate
Risk
Chapter 7.1 Fundamentals of Credit Analysis
Week 8
Oct. 8 (T)Oct. 10 (TH) Chapter 7.1 Fundamentals of Credit
AnalysisChapter 8 Term Structure & Volatility of Interest
Rates
Week 9 Oct. 15 (T)
Oct. 17 (TH)
Chapter 9 Valuing Bonds with Embedded Options
Chapter 9 Valuing Bonds with Embedded Options
Week 10 Oct. 22 (T)
Oct. 24 (TH)
Chapter 10 Mortgage-Backed Sector of the Bond Market
Chapter 10 Mortgage-Backed Sector of the Bond Market
Week 11 Oct. 29 (T)
Oct. 31 (TH)
Examination #2 (30-point)
Chapter 11 Asset-backed Sector of the Bond market
Week 12 Nov. 5 (T)
Nov. 7 (TH)
Chapter 11 Asset-backed Sector of the Bond market
Chapter 12 Valuing MBS and ABS
Week 13 Nov. 12 (T)
Nov. 14 (TH)
Chapter 12 Valuing MBS and ABS
Chapter 12 Valuing MBS and ABS
Week 14 Nov. 19 (T)
Nov. 21 (TH)
Chapter 13/14 Interest Rate Derivatives & Valuation
Chapter 13/14 Interest Rate Derivatives & Valuation
Week 15 Nov. 26 (T)
Nov. 28 (TH)
Thanksgiving Recess
Thanksgiving Recess
Week 16 Dec. 3 (T)
Dec. 5 (TH)
Chapter 13/14 Interest Rate Derivatives & Valuation
Chapter 13/14 Interest Rate Derivatives & Valuation
Dec. 17 (T)
11:00-1:00 p.m.
Final Exam (40-point)
