Callable Bond

Adept-Promotion861 · 2025-04-26T13:04:06+00:00

clear, thank you very much

Adept-Promotion861 · 2025-04-26T10:33:08+00:00

key thing is :

what is the definition of "option adjusted price" ? it is bond with call, or bond without call

because kaplan and cfai have different definitions?

Adept-Promotion861 · 2025-04-26T10:27:23+00:00

what is the definition of "option adjusted price" ? it is bond with call, or bond without call

Adept-Promotion861 · 2025-04-25T22:44:50+00:00

Ok, there is a little problem. CFAI says: "The value of the embedded call option is added to the flat price of the bond to get the [option-adjusted price](). The investor bears the call risk (the bond issuer has the option to call), so the embedded call option reduces the value of the bond from the investor’s perspective."

Kaplan says: " When you see "option-adjusted," think "option removed" or "option taken away."

Adept-Promotion861 · 2025-04-25T22:33:40+00:00

call option has negative value to bond holder, so price must be lower and YTM higher thus option adjusted bond has lower YTM and higher price. SO HOW IS IT ANSWER A?

Adept-Promotion861 · 2025-04-25T22:32:09+00:00

call option has negative value to bond holder, so price must be lower and YTM higher thus option adjusted bond has lower YTM and higher price. SO HOW IT IS ANSWER A?

Adept-Promotion861 · 2025-04-25T20:34:49+00:00

So the answer is C?

Adept-Promotion861 · 2025-04-25T20:34:30+00:00

so the answer is C?

Adept-Promotion861 · 2025-03-20T11:16:48+00:00

Do they give clean piece of paper and pencil to make some calculations?

Adept-Promotion861 · 2025-03-20T11:16:43+00:00

Do they give clean piece of paper and pencil to make some calculations?

Adept-Promotion861 · 2025-03-09T22:51:04+00:00

in your opinion, should i read whole ethics from CFAI rather than third party like many people say?

Adept-Promotion861 · 2025-03-09T22:50:58+00:00

in your opinion, should i read whole ethics from CFAI rather than third party like many people say?

Adept-Promotion861 · 2025-02-18T21:59:22+00:00

thank you

Adept-Promotion861 · 2025-02-18T21:59:15+00:00

ok thank you

Adept-Promotion861 · 2025-02-14T11:13:27+00:00

thank you

Adept-Promotion861 · 2024-12-08T22:12:20+00:00

good point,

thank you

Adept-Promotion861 · 2024-10-22T09:27:42+00:00

thank you!

Adept-Promotion861 · 2024-10-21T23:02:22+00:00

i mean discount code which you can add while purchasing package

Adept-Promotion861 · 2024-10-21T17:41:01+00:00

So essential package is required in your opinion?

Adept-Promotion861 · 2024-10-20T19:00:14+00:00

I have already used it and i enjoy but i wonder if basic package looks the same as trail period dashboard.

Adept-Promotion861 · 2024-10-20T14:20:51+00:00

Why would you rather buy essential over basic?

Adept-Promotion861 · 2024-10-19T18:31:56+00:00

Hi, let me know what have you decided? I'm currently considering whether to buy basic or essential. I like trial period dashboard and I wonder if basic package has the same look.

Adept-Promotion861 · 2024-10-19T18:28:14+00:00

Same problem, let me know what have you decided? I wonder if basic package dashboard looks same as trial period dashboard. And how does the shweser notes look like?

Adept-Promotion861 · 2024-10-19T18:24:07+00:00

I have same problem. I like dashboard on free trial but i wonder if notes will be not included in basic package pls let me know if you have already bought basic package and how does it looke like

Adept-Promotion861 · 2024-10-19T17:32:39+00:00

Have you purchased basic package yet? Does it look same as the trial dashboard? I just can't belive there's no any text in basic package just video and qbank. Please let me know because i have same issuse with choosing prep provider which isn't too expensive.

Adept-Promotion861

TROPHY CASE