From the book - This chapter reviews some of the basic features of bond pricing and bond portfolio management. For many, the material of this chapter will be strictly review. The chapter begins by considering alternative yield concepts and some of the instruments of the bond market that will be ... click here for more details.
From the book - This chapter reviews some of the basic features of bond pricing and bond portfolio management. For many, the material of this chapter will be strictly review. The chapter begins by considering alternative yield concepts and some of the instruments of the bond market that will be ... click here for more details.
From the book - This chapter reviews some of the basic features of bond pricing and bond portfolio management. For many, the material of this chapter will be strictly review. The chapter begins by considering alternative yield concepts and some of the instruments of the bond market that will be ... click here for more details.
From the book - This chapter reviews some of the basic features of bond pricing and bond portfolio management. For many, the material of this chapter will be strictly review. The chapter begins by considering alternative yield concepts and some of the instruments of the bond market that will be ... click here for more details.
From the book - One of the most important concepts in finance is the concept of arbitrage, also called the law of one price. In frictionless markets, the same asset must have one price at a particular instant in time, no matter where it is traded. Arbitrage is clearest in ... click here for more details.
*** Excerpt from book ***
This chapter starts our coverage of quantitative analysis by discussing bond fundamentals. Section 1.1 reviews the concepts of discounting, present values, and future values. Section 1.2 then plunges into the price-yield relationship. It shows how the Taylor expansion rule can be used to relate movements in ... click here for more details.