As per its seasonal announcements CFA Institute has put up the centers in India on its website. You can view the page here. To accommodate late registrations, CFA Institute has also extended the registration date to 31st August.

All the best for candidates for the CFA® Examinations announced today. Do share with us your exam prep experiences and any tips that you would like to pass on to our students.

Embedded Options It is common to grant issuers and bondholders an option to take an action against the other party regarding the owed money, either with the principal or the coupons. Such options have a significant effect on the behaviour of the bond price because of the potential modification of the cash flows that the action may cause. Although not explicitly priced in the market, the options carry implicit economic value and are reflected in the prices of the bonds. These options are known as embedded options.