Bond maths foundations
⏳ Time value & discounting
Why a bond is worth the sum of its discounted cash flows — and why price and yield are one fact seen two ways.
Why it matters
Every bond question reduces to discounting fixed cash flows. If you can discount one cash flow you can price a bond, and if you can price a bond you can see immediately why price and yield move inversely.
Tier 1 · near-certain in a superday · infinite generated drills