Description
Condition: BRAND NEW
ISBN: 9781118390139
Year: 2013
Publisher: John Wiley & Sons Inc (US)
Pages: 368
Description:
A completely updated edition of the guide to modern bond
analysis
First published in 1972, Inside the Yield Book
revolutionized the fixed-income industry and forever altered the
way investors looked at bonds. Over forty years later, it remains a
standard primer and reference among market professionals.
Generations of practitioners, investors, and students have relied
on its lucid explanations, and readers needing to delve more deeply
have found its explication of key mathematical relationships to be
unmatched in clarity and ease of application.
This edition updates the widely respected classic with new
material from Martin L. Leibowitz. Along the way, it skillfully
explains and makes sense of essential mathematical relationships
that are basic to an understanding of bonds, annuities, and
loans?in fact, any securities or investments that involve
compound interest and the determination of present value for future
cash flows. The book also includes a new foreword.
Contains information that is more instructive, important, and
useful than ever for mastering the crucial concepts of time, value,
and return
Combines the clear fixed-income insights found in the original
edition with completely new knowledge to help you navigate today's
dynamic market
Includes over one hundred pages of new material on the role of
bonds within the total portfolio
In an era of calculators and computers, some of the important
underlying principles covered here are not always grasped
thoroughly by market participants. Investors, traders, and analysts
who want to sharpen their ability to reca
ISBN: 9781118390139
Year: 2013
Publisher: John Wiley & Sons Inc (US)
Pages: 368
Description:
A completely updated edition of the guide to modern bond
analysis
First published in 1972, Inside the Yield Book
revolutionized the fixed-income industry and forever altered the
way investors looked at bonds. Over forty years later, it remains a
standard primer and reference among market professionals.
Generations of practitioners, investors, and students have relied
on its lucid explanations, and readers needing to delve more deeply
have found its explication of key mathematical relationships to be
unmatched in clarity and ease of application.
This edition updates the widely respected classic with new
material from Martin L. Leibowitz. Along the way, it skillfully
explains and makes sense of essential mathematical relationships
that are basic to an understanding of bonds, annuities, and
loans?in fact, any securities or investments that involve
compound interest and the determination of present value for future
cash flows. The book also includes a new foreword.
Contains information that is more instructive, important, and
useful than ever for mastering the crucial concepts of time, value,
and return
Combines the clear fixed-income insights found in the original
edition with completely new knowledge to help you navigate today's
dynamic market
Includes over one hundred pages of new material on the role of
bonds within the total portfolio
In an era of calculators and computers, some of the important
underlying principles covered here are not always grasped
thoroughly by market participants. Investors, traders, and analysts
who want to sharpen their ability to reca