Money Market Bond Calculations
The long-awaited companion to The Money Market, Money Market and Bond Calculations is the first book to give precise and thorough explanations for valuing fixed-income instruments throughout the... This description may be from another edition of this product.
Format:Hardcover
Language:English
ISBN:1556234767
ISBN13:9781556234767
Release Date:July 1996
Publisher:McGraw-Hill Companies
Length:376 Pages
Weight:1.55 lbs.
Dimensions:1.4" x 6.3" x 9.3"
Customer Reviews
3 ratings
Good book - despite the errors
Published by Thriftbooks.com User , 21 years ago
I really like the way the fundamentals of valuation are derived from first principle's. It gives a very good presentation of where the assumptions are made. It is extremely important to understand the assumptions if you really want to know what the results do and do not tell you.That said, there are several typo's and mathematical errors that really need to be corrected - such as the inverted numerator and denominator in the Newton-Raphson equation presented.
Solid Reference Manual
Published by Thriftbooks.com User , 22 years ago
Most people take for granted the calculations used to generate a yield, duration and other fixed income statistic. These values are, more often than not, taken as being absolutes by the people who should most know that they are not always absolute and that yields in one market sector are not always comparable to yields in other market sectors. This book, a long anticipated follow-up to "Money Market Calculations" codifies in a succinct manner the basic conventions used to calculate bond numbers for various market sectors. While the book is certainly not a page-turner, it is a very important reference that should be found on every buy and sell-side trading desk.
Good book
Published by Thriftbooks.com User , 24 years ago
I found this is the excellent book for anyone to understand bond yielding calculation. Whether you are experienced bond market player, or just beginner, you can always find something useful in the book. I would rate this book 4 stars.
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