First Sentence

"The objectives of this chapter are to: 1. explain what is meant by the cash flows of a financial asset; 2. discuss the process involved in valuing a fixed income security; 3. explain the situations in which determination of the cash flows of a fixed income security is complex; 4. review the provisions that allow the cash flows to be altered by either the issuer or the investor; 5. explain why a fixed income security should be viewed as a package of zero-coupon securities; 6. review risk measures associated with investing in fixed income securities; and, 7. explain the role of valuation in deriving risk measures."