CFAI Reading 55 into, mask, comparison, question

eagles_dare13

Valuing bonds with embedded options…
Did anyone else find this chapter just unbearable to read? I don’t use Schweser so I have no comparison to what they have for this chapter..
If there is a binomial tree question on the exam I’m going to vomit into my surgical mask

bluejazzy

The tree ain’t that bad, just remember what time frame the decision rule of the call or put takes effect and to add the coupon to the value when discounting back.