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| subtitle | BUS 411 — Fixed Income Security Analysis and Valuation | ||||||||||||||||||||||||||
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Instructor: Ali Boloor
Semester: Summer 2026
Email: aboloorf@sfu.ca
LMS: Canvas , Course website
Lectures: Tuesdays, 2:30-5:20pm
Office hours: Tuesdays, 1:30-2:20pm (by appoinment only)
Office: : WMC 4394
This course introduces the market valuation of fixed income securities. Topics include the history of fixed income markets; valuation methods for fixed and variable annuities, government and corporate bonds, and bonds with contingencies; credit risk modeling; fixed income derivatives; and risk management using duration and convexity.
Prerequisite: BUS 315 and BUS 360W, each with a minimum grade of C-; 60 units.
Fabozzi, F. J. (2015). Bond markets, analysis, and strategies (9th ed.). Pearson. ISBN 978-0-13-379677-3.
Classes are primarily lecture-based; discussion is encouraged. Materials include slides and lecture notes. You are expected to review the assigned readings and textbook chapters before each class.
| Component | Weight |
|---|---|
| Exam 1 | 35% |
| Exam 2 | 35% |
| Assignment 1 | 15% |
| Assignment 2 | 15% |
| Item | Date |
|---|---|
| Exam 1 | June 23, 2026 |
| Exam 2 | Aug. 11, 2026 |
| Assignment 1 Due | June 23, 2026 |
| Assignment 2 Due | Aug. 11, 2026 |
- Introduction
- Bond pricing and yields
- Bond price volatility
- Duration, convexity, and portfolio management
- Term structure and curve strategies
- Mortgage market
- Treasury securities and corporate debt instruments
- Interest rate models
- Embedded options
- Corporate bond credit analysis
- Credit risk modeling
- Interest rate derivatives
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