Equity & Fixed Income Basics
What equity & fixed income basics means
Share valuation, bond pricing and yield fundamentals.
Before you start
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Worked example
One question from this skill's own question bank, shown with its full working.
When market interest rates rise, existing bond prices:
- rise
- fall
- stay the same
- double
Working: Price and yield move inversely — older, lower coupons become less attractive.
Curriculum and exam alignment
Curriculum notes are a general guide to where this work normally sits. Always check the syllabus your school or examination body is currently using.
Related skills
Other CFA Level I Extended Practice skills in CFA Institute, at the same point in the course.
Other CFA Institute topics
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Exams that assess equity & fixed income basics
University work on this skill feeds directly into these exam papers. Each page lists the CFA Institute topics that appear on it.
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Practise equity & fixed income basics
8 questions with a worked answer after every attempt, and a SmartScore that tracks how close you are to mastery.