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All posts for the month September, 2013

Bond Equivalent Yield (BEY)

Posted by Bill Campbell III, CFA on September 30, 2013
Posted in: Level I Fixed Income.

Because a large number of coupon-paying bonds make their coupon payments semiannually (e.g., US Treasury Notes and Bonds, and many corporate bonds), and each coupon payment is ½ of the annual coupon (i.e., each coupon is calculated as 0.5 × annual coupon rate × par), the default yield convention for bonds is that the annual […]

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CFA® Level I Fixed Income Membership, CFA® Level I Membership

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Commodity Yields

Posted by Bill Campbell III, CFA on September 30, 2013
Posted in: Level I Alternative Investments.

Most investors interested in commodity exposure do not get it through direct investments in commodities; they do not buy physical oil, or wheat, or gold, or pork bellies, or whatever.  Most investors (including mutual funds, ETFs, institutional investors, and individual investors) get commodity exposure through derivatives, specifically through commodity futures or forward contracts.  We’ll concentrate […]

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CFA® Level I Membership

This will give you access to this and all other articles at that membership level.

Ethics in General

Posted by Bill Campbell III, CFA on September 29, 2013
Posted in: Ethics.

Ethics is one of the topics most dreaded by Level I CFA candidates.  (And, for what it’s worth, by Level II and Level III CFA candidates as well.)  The problem with ethics is that it seems vague: lots of grey, not so much black and white.  Fortunately, there are a few overall principles that can […]

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CFA® Ethics Membership, CFA® Level III Membership, CFA® Level II Membership, CFA® Level I Membership

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Level I – Fixed Income Investments

Posted by Bill Campbell III, CFA on September 29, 2013
Posted in: Free.

Here are some articles on Level I Fixed Income Investments.  If you’d like to see more articles on Level I Fixed Income, just ask.

Level I – Financial Reporting and Analysis

Posted by Bill Campbell III, CFA on September 29, 2013
Posted in: Free.

Here are some articles on Level I Financial Reporting and Analysis.  If you’d like to see more articles on Level I FRA, just ask.