Bond Math, + Website: The Theory Behind the Formulas (Wiley Finance)
| Author | : | |
| Rating | : | 4.77 (518 Votes) |
| Asin | : | 1118866320 |
| Format Type | : | paperback |
| Number of Pages | : | 304 Pages |
| Publish Date | : | 2014-12-03 |
| Language | : | English |
DESCRIPTION:
Complete Guide to Fixed Income: From Bond Basics to CFA Level Concepts EarlyReader I work in Fixed Income, but this was the first text that I have used to delve deeply into the subject the concepts and formulas that are so often discussed. This book covers everything from the basic bond math behind zero coupon bonds, which most traditional finance texts harp on, to the more complex ideas of floaters, swaps and fixed income strategies. The text is robust, and provides detailed formulas, concepts and theories, that. Amazon Customer said Five Stars. This book clearly include the concept and history of fixed income. It also covers CFA material well. Excellent Resource Bond Math is an excellent resource for learning the theory and math behind fixed income securities. It's clear, well written, and incorporates helpful real-world examples and problems that really help the reader grasp the concepts and formulas. Also very helpful are the online problem sets (with detailed answers that walk through how to arrive at the correct answer) that accompany each chapter and are offered through the Wiley webs
Written by Donald J. The Bond Math approach puts calculations in context and enables an easier transition from theory to application. To support the text, Bond Math, Second Edition has a companion website that contains an extensive set of questions and answers tied to each chapter in the book.Learning how to mentally approach the math behind bonds gives you a head start on the competition. Smith, a professor at Boston University and an experienced executive trainer, the text explores the ideas and assumptions behind commonly used statistics on risk and return for individual bonds as well as fixed income portfolios. The new edition also includes an informative discussion of how the fina
Clear and concise without sacrificing detail, this book helps readers to:Delineate the characteristics of different types of debt securitiesCalculate implied forward and spot rates and discount factorsWork with rates of return, yield statistics, and interest rate swapsUnderstand duration-based risk measures, and moreMemorizing formulas is one thing, but really learning how to mentally approach the math behind bonds is something else entirely. alone. For the bond professional seeking a quick math reference, Bond Math provides that and so much more.. Much more than just a book of formulas, the emphasis is on how to think about bonds and the associated math, with plenty of examples, anecdotes, and thought-provoking insights that sometimes run counter to conventional wisdom. This approach places calculations in context, and enables easier transition from theory to application. Bond Math is a guide to the inevitable calculations involved in managing bonds, with expert insight on the portfolios and investment strategies that puts the math in perspective. Detailed coverage of key calculations, including thorough explanations, provide practical guidance to working bond professionals.The bond market is the largest and most liquid in the world, encompass
SMITH is an associate professor of finance at the School of Management, Boston University. Smith specializes in teaching fixed-income markets and risk management courses and has published widely in academic and trade journals, including the Financial Analysts Journal; Journal of Finance; Journal of Money,