Fixed Income Securities
Tools for Today's Markets
Published on 3. August 1996
Book
Hardback
266 pages
978-0-471-16049-6 (ISBN)
Description
Fixed income securities respond to interest rates quite differently than the traditional similar securities, making them an increasingly risky investment. This text identifies and describes these types of securities and uses modern approaches to fixed income application and risk control. Coverage includes: traditional fixed income; securities and fixed cash flows; measure of interest rate sensitivity; forward contracts; floating rate bonds; interest rate swaps; embedded options in corporate bonds; mortgage backed securities; and taxation and fixed income markets.
More details
Series
Edition
New edition
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
Target group
College/higher education
Professional and scholarly
Edition type
New edition
Illustrations
Illustrations
Dimensions
Height: 229 mm
Width: 153 mm
Weight
369 gr
ISBN-13
978-0-471-16049-6 (9780471160496)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Book
08/2002
2nd Edition
Wiley
€65.00
Article exhausted; check for reprint
Content
THE RELATIVE PRICING OF TRADITIONAL FIXED INCOME SECURITIES; Bond Prices and Discount Factors; Bond Prices and Interest Rates: Spot and Forward; Yield-to-Maturity; Real Data Issues; THE RELATIVE PRICING OF INTEREST RATE CONTINGENT CLAIMS; An Introduction to Arbitrage-Free Pricing of Derivatives; Risk-Neutral Pricing; Arbitrage-Free Pricing in a Realistic Setting; The Art of Term-Structure Modeling; Equilibrium vs; Arbitrage-Free Models; MEASURES OF PRICE SENSITIVITY; The Price-Rate Function and Its Derivative; Measures of Price Sensitivity; Macaulay and Modified Duration; Key Rate Durations; SELECTED APPLICATIONS; Forward and Futures Contracts; Floaters and Inverse Floaters; Interest Rate Swaps; The Options Embedded in Corporate Bonds; Mortgage-Backed Securities; References; Index.