Bond Math The Theory Behind the Formulas (Hardcover)
|Author: Donald J. Smith|
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From the Publisher:
A reliable guide to the math behind bonds
Bond Math covers in concise detail the key calculations professionals working in the fixed income arena need to do their jobs everyday. But this book is much more than just a bunch of calculations; the emphasis is on how to think about bond math and then carry out the inevitable calculations.
Author Donald Smith covers many of the essential issues in bond math, including rates of return, characteristics of different types of debt, yield statistics, value at risk, calculating implied forward and implied spot rates, and much more.
Filled with thought-provoking bond insights and practical advice, this book puts the intricacies of bond math calculations into a clear and logical order.