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Rebuild Quarto site: refresh lecture notes and PDFs in docs.
Co-authored-by: Cursor <cursoragent@cursor.com>
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‎docs/Topics.pdf‎

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‎docs/lecture_notes/lec2.html‎

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<html xmlns="http://www.w3.org/1999/xhtml" lang="en" xml:lang="en"><head>
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<meta charset="utf-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0, user-scalable=yes">
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<title>Lecture 2: Bond Pricing and Yield Measures – BUS 411 — Fixed Income Security Analysis and Valuation</title>
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<style>
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<figcaption class="quarto-float-caption-bottom quarto-float-caption quarto-float-fig" id="fig-very-convex-price-yield-caption-0ceaefa1-69ba-4598-a22c-09a6ac19f8ca">
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Figure&nbsp;1: Exaggerated illustration of a highly convex price–yield relationship for a bond. Note the strong curve, especially at low coupon and long maturity.
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<p>The figure below shows how the price of a 20-year 10% coupon bond moves toward par as it approaches maturity when market yields remain unchanged. A bond selling at a discount rises toward par, while a bond selling at a premium falls toward par.</p>
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<p><img src="lec2_files/figure-html/cell-3-output-1.png" width="602" height="449" class="figure-img"></p>
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<figcaption>Time path for the price of a 20-year 10% bond as maturity approaches</figcaption>
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‎docs/lecture_notes/lec2.pdf‎

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