Investing - General & Miscellaneous, Business Skills - General & Miscellaneous, Investing & Finance - General & Miscellaneous, Mathematics - Applied, Securities - General & Miscellaneous
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Overview
The standard reference for fixed income portfolio managersDespite their conservative nature, fixed income instruments are among the investment industry's most complex and potentially risky investments. Fixed Income Mathematics is recognized worldwide as the essential professional reference for understanding the concepts and evaluative methodologies for bonds, mortgage-backed securities, asset-backed securities, and other fixed income instruments.
This fully revised and updated fourth edition features all-new illustrations of the future and present value of money, with appendices on continuous compounding and new sections and chapters addressing risk measures, cash flow characteristics of credit-sensitive mortgage-backed and asset-backed securities, and more.
Editorials
Booknews
Explains the latest concepts in the fixed income market, from the basic tenets of financial mathematics to new methodologies for evaluation of instruments such as securities with embedded options and mortgage-backed securities. Topics include measuring historical return performance, duration and yield curve risk, the time value of money, probability theory, and regression analysis. Contains worked examples. For fixed income participants. Annotation c. Book News, Inc., Portland, OR (booknews.com)Book Details
Published
October 1, 1996
Publisher
Irwin Professional Publishing
Pages
448
Format
Hardcover, 1996
ISBN
9780786311217