Description
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. by Book News, Inc., Portland, Or.
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Don't let the conservative nature of many fixed income intruments mislead you! These are complex, potentially risky investments, and Fixed Income Mathematics is required reading if you are to maximize both income and capital growth from fixed income investing. An expert, thorough analysis of this volatile market's latest developments is presented in the straight-forward, comprehensive style that has become a Fabozzi trademark. It will leave you with a greater ability to utilize and take advantage of basic strategies as well as the newest advances in fixed income analysis and research.
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