Bond Evaluation, Selection And Management

Description:
'Bond Evaluation, Selection, and Management' synthesizes fundamental and advanced topics in the field, offering comprehensive coverage of bond and debt management. This text provides readers with the basics needed to understand advanced strategies, and explanations of cutting edge advanced topics. Focusing on concepts, models, and numerical examples, readers are provided with the tools they need to select, evaluate, and manage bonds. This work: provides a comprehensive exposition of bond and debt management; covers both the fundamental and advanced topics in the field, including bond derivatives; focuses on concepts, models, and numerical examples; and, reinforces important concepts through review questions, web exercises, and practice problems in each chapter.

Table of Contents:
Preface.Part I: Bond Evaluation and Selection.1. Overview of the Financial System.2. Bond Value and Return.3. The Level and Structure of Interest Rates.4. Bond Risk.Part II: Debt Markets.5. Corporate Debt Securities.6. Government Securities.7. Intermediary and Foreign Debt Securities.8. Bond Investment Strategies.Part III: Evaluation of Bonds with Embedded Options.9. Valuation of Bonds with Embedded Options: Binomial Interest Rate Trees.10. Estimating the Binomial Tree.11. Securitization and Mortgage-Backed Securities.Part IV: Debt Derivatives: Futures, Options, and Swaps.12. Interest Rate Futures: Fundamentals.13. Interest Rate Futures: Applications and Pricing.14. Interest Rate Options: Fundamentals.15. Interest Rate Options: Hedging Applications and Pricing.16. Interest Rate Swaps.17. Non-Generic Interest Rate And Currency Swaps.Supplemental Appendices:.Appendix A: Use of Exponents and Logarithms.Appendix B: Mathematical Statistical Concepts.Appendix C: CFA Questions.Answers to Select End-of-Chapter Problems.Glossary of Terms.Index

Author Biography:
R. Stafford Johnson is Professor of Finance at the Williams College of Business, Xavier University. He is the author of Options and Futures and has written many articles appearing in journals such as Applied Economics, Journal of Financial Education, International Review of Economics & Business, Journal of Economics, The Financial Review, and the Review of Quantitative Finance and Accounting.