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  1. Nicole Seaman

    YouTube T4-27: Fixed Income: Gross versus net realized return

    Financial Risk Manager (FRM, Topic 4: Valuation and Risk Models, Fixed Income, Bruce Tuckman Chapter 3, Returns, Spreads and Yields). The Gross Realized Return is the holding period return (HPR), so it includes the bond's price change and any coupon income. The Net Realized Return subtracts...
  2. Nicole Seaman

    P1.T4.905. Gross versus net bond returns, bond spread and bond yield (Tuckman Ch. 3)

    Learning objectives: Distinguish between gross and net realized returns, and calculate the realized return for a bond over a holding period including reinvestments. Define and interpret the spread of a bond, and explain how a spread is derived from a bond price and a term structure of rates...