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Question		Answer
[(V +) + (V-) - 2 x V] / ((change in bps) ^ 2 x V) start learning		[(V+) + (V-) - 2 x V] / ((change in bps)^2 x V)
conversion ratio start learning		Par value / Conversion price
Conversion value start learning		Conversion ratio x underlying share price
Current yield start learning		Annual cash payment / Bond price
Accrued interest start learning		coupon value x (t/T)
Interest coverage ratio start learning		EBIT / interest expenses
EBITDA start learning		Operating income + Depreciation + Amortization
G-spread start learning		YTM on a corporate bond - YTM on a benchmark bond
Coupon / (1 + spot rate1 / 2) + Coupon / (1 + spot rate2 / 2) ^ 2 + ... + Coupon + principle / (1 + spot raten / 2) ^ n start learning		Coupon/(1 + spot rate1/2) + Coupon/(1 + spot rate2/2)^2 + ... + Coupon + principle/(1 + spot raten/2)^n
convexity adjustment start learning		0.5 x Annual convexity x yield change^2
% change in price of Bond start learning		(-annual mod. duration x yield change + 0.5 x annual convexity x yield change^2) x100
Running yield start learning		Annual coupon / Bond price
Bank discount yield start learning		((Face value - Price) / Face value) x 360 / Days to maturity
YTM = real rate of return + expected inflation + start learning		YTM = realna stopa zwrotu + oczekiwana inflacja + premium for credit risk + premium for lack of liquidity
Flat price of the bond start learning		Full price - Accrued interest
Accrued interest start learning		Coupon payment x (t/T)
Full price of the bond start learning		Value on the coupon date x (1 + YTM/2)^(t/T)
Coefficient of variation start learning		Standard deviation / Mean
Free cash flow start learning		Cash flow from operations - Capital expenditures
Current inventory turnover start learning		COGS / Inventory turnover
Variable costs start learning		Variable costs / Revenue x New revenue level
Interest expenses start learning		Total capital x Weight of debt x Cost of debt
Weight of debt start learning		D / (D + 1)

Fixed Income

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