Product Description
The authoritative resource for understanding and practicing valuation of both common fixed income investment vehicles and complex derivative instruments–now updated to cover valuing interest rate caps and floors.
Synopsis
This work provides valuation methods that can be applied to any fixed income investment, irrespective of its complexity. It shows how to value traditional bonds as well as more evolved securities, such as callable and putable bonds, top-up notes, range notes, and inverse floating rate securities.
