Identify the factors that influence the price volatility of a bond.

Explain how to use the duration statistic as an index number, to estimate bond price changes, and as a tool for immunizing a portfolio.

Discuss bond swaps, ladders, bullets, and barbells as strategies for managing a bond portfolio.

Describe several factors that affect bond prices and yields.

Describe the basic features of common stock.

Value common stock using the constant-growth model.

Describe the different market-price-based ratios for judging a stock's price.

Distinguish between growth and value stocks and their role in portfolio management.

Describe the mechanics of dividend payments.

Describe the key characteristics of other equity instruments, including ADRs and preferred stock.