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Valuing Fixed Income Investments and Derivative Securities
Cash Flow Analysis and Calculations
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| by Arnold Kleinstein
and Steven Allen
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Our price: £23.76 (Convert currency) Normal price:£27.95, you save: £4.19 (15%)
£4.00 UK postage (for single orders)
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Product code: 3707 ISBN: 0139317759,
ISBN13: 9780139317750,
320 pages, hardback, published by Pearson Professional Education, 1st edition, 1991
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| Description of Valuing Fixed Income Investments and Derivative Securities |
| A reference designed to help the reader to calculate the value of a fixed-income investment such as a Treasury bond. Fixed income investments are securites that pay a fixed rate of return. Derivative securities are newer investment products that have the basic characteristics of a traditional instrument, such as stock or a bond, but with a new element or two added. Investors focus on cash flow, because it determines whether a company can pay dividends to its investors. Cash flow also determines how often and how much of a dividend is paid. This book seeks to help the investor compare the worth of a variety of fixed-income investments and derivative securities such as a five-year Treasury bond versus a CD. It is a modern introduction to valuing securities as it emphasizes the most general and current techniques. It includes problems and solutions that the reader can solve by applying the concepts explained in the text and information on long and short term fixed-income investments. Formulas for use in comparing instruments, details of the markets and market participants who work with fixed-income securities are also included. |
| Contents of Valuing Fixed Income Investments and Derivative Securities |
1. Financial Securities and Their Markets: An Overview
2. General Principles of Pricing Securities
3. Description Of Money Market Securities
4. Interest and Day Count Conventions
5. Money Market Securities
6. Reinvestment
7. Compound Interest
8. Bond Coupon Payments and Accrued Interest
9. Present Value
10. Bond Prices and Yields
11. Application of Bond Price/Yield Relationship
12. Description of Long-Term Securities
13. Yields
14. Fair Market Price, Spot Rates, and Forward Rates
15. Future Value and Total Rate of Return
16. Forwards and Futures
17. Floating-Rate Instruments
18. Swaps
19. Asset-Backed Securities
20. Options on Fixed-Rate Instruments
21. Risk and Hedging |
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