Description
PHI Learning Bond Pricing And Portfolio Analysis Protecting Investors In The Long Run by Grandville Olivier
Here is a chance for you to understand the basic tools of bond evaluation which include: duration, convexity and immunization. The general immunization theorem can be considered the most valuable feature in this book which can be used by practitioners to protect investors against any change in the structure of spot interest rates. One can also make note of the detailed presentation of the Heath-Jarrow-Morton model and the discussion of its relationships with classical immunization schemes. Every chapter in this book is followed by a series of questions, problem sets, and projects. The end of the book offers a detailed solution to everything.