This course covers state-of-the-art concepts and techniques required for the analysis of debt markets with a focus on corporate bonds and capital structure. Students will first learn about basic concepts of fixed income markets such as the term structure of interest rates as well as interest rate models and derivatives.
We then consider the valuation of corporate debt and its implicit option to default. The class provides an overview of the different types of corporate bonds and their capital structure implications.
Lecture: 100min/wk and Recitation: 50min/wk
45730 OR 45820