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Pricing of Bonds
Bond Price Volatility
23 other sections not shown
amount assets assumed bank basis points benchmark bond market bond price bondholder borrower buyer call option callable bond Chapter Class collateral computed convertible bond convexity corporate bond cost coupon interest coupon payments coupon rate credit risk dealer discount dollar equation example Exhibit Fabozzi Federal fixed-rate floating-rate forward rate funds futures contract futures price hedge immunization instrument insurance company interest rate swap interest-on-interest investment horizon investor issuer liability Macaulay duration market yield million modified duration money manager months mortgage loans mortgage-backed securities municipal bonds noncallable bond option-adjusted spread pass-through period portfolio manager portfolio strategies position premium present value price volatility price/yield relationship profit purchase put option reinvestment REMIC Certificates repo required yield semiannual short-term six-month LIBOR spot rate straight value strike price term structure theoretical total return trading transaction Treasury bill Treasury bond Treasury securities yield curve yield spread yield to maturity zero-coupon bond