FIN 6537 Fin. Fut.
& Fixed Incomes – RX1
Fall B 2023
Online
Instructor: Dr. Sandrine Docgne
Office: Ryder Building, Room 242A
Phone: (305) 348-9730
Office Hours: Tuesday 5:00 pm – 7:00 pm by Zoom https://fiu.zoom.us/j/93995482944
Other times available by appointment
E-mail: sdocgnep@fiu.edu
COURSE DESCRIPTION
The aim of this course is to provide you with an introduction to the valuation of fixed income securities
and the management of fixed income investment portfolios. The topics include fixed income agents,
securities, and market, bond yield and pricing, bond price volatilities, term structure of interest rates, bond
valuation, interest rate models, management of fixed income investment portfolios, and interest rate
swaps.
COURSE OBJECTIVES
The main objective of the course is to give students an operational knowledge of fixed income
instruments. By the end of the course, students are expected to know how to price complex fixed income
securities, understand their risk, and manage portfolios of bonds.
USEFUL REFERENCES
• Fixed Income Analysis 4th Ed., CFA Institute
• Fundamentals of Futures and Options Markets 9th Ed., John C. Hull
• Principles of Corporate Finance 10th Ed., Richard Brealey, Stewart Myers and Franklin Allen
• Essentials of Investments 9th Ed., Zvi Bodie, Alex Kane and Alan Marcus
• Fundamentals of Corporate Finance 3rd Ed., Jonathan Berk, Peter DeMarzo, et al.
• Bond Markets, Analysis, and Strategies 9th Ed., Frank Fabozzi
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GRADING POLICY
Important Dates Weighting
Homework 60%
Final Exam 40%
Letter Grade Range Letter Grade Range
A 94- 100 B- 70 – 75.99
A- 88 – 93.99 C+ 65 – 69.99
B+ 82 – 87.99 C 60 – 64.99
B 76 – 81.99
COURSE POLICIES
There will be an assignment due in Canvas every week. There is no extension for assignments. Final
Exam is closed book. Make up exams are super challenging. You will need a calculator. A financial
calculator (TI BA II Plus) is strongly advised.
GRADUATES POLICIES & PROCEDURES
The Graduate Policies and Procedures Manual outlines and explains the policies and procedures
governing graduate study at FIU. The policies include those concerning: the Graduate Program,
University and Department Admission Criteria, College Level Academic Skills (CLAST), Academic
Advising, General Academic Policies, Award of Degrees and Commencement Exercises, Educational
Support Services and Graduate Administration. A keyword index links the Undergraduate, Graduate
and Academic Affairs Policies and Procedures Manuals. The Standards of Student Conduct
summarizes the position of the University concerning ethics and honesty. Statement of Understanding
between Professor and Student: Student Code of Academic Integrity.
STUDENT CODE OF ACADEMIC INTEGRITY
Every student must respect the right of all to have an equitable opportunity to learn and honestly
demonstrate the quality of their learning. Therefore, all students must adhere to a standard of academic
conduct, demonstrating respect for themselves, their fellow students, and the educational mission of
the University. As a student in the College of Business taking this class:(a) I will not cheat, nor will I aid
in another’s cheating.(b) I will be honest in my academic endeavors.(c) I will not represent someone
else’s work as my own.(d) I understand that if I am found responsible for academic misconduct, I will be
subject to the academic misconduct procedures and sanctions as outlined in the Student Handbook.
Failure to adhere to the guidelines stated above may result in one of the following:(a) Expulsion:
Permanent separation of the student from the University, preventing readmission to the institution. This
sanction shall be recorded on the student’s transcript. (b) Suspension: Temporary separation of the
student from the University for a specific period of time.
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COURSE CALENDAR
Date Topic
Week 1: October 23, 2023 Introduction to Fixed Income Securities and Markets
Week 2: Valuation and ABS
Week 3: Risk and Return
Week 4: Term Structure Models
Week 5: Bond with Embedded Options
Week 6: CDS and Bond Portfolio
Week 7: December 4, 2023 Bond Portfolio Strategies
Week 8: Final Exam: Sunday December 10, 2023
