【资料名称】： Fixed Income and Interest Rate Derivative Analysis
【资料作者】： Mark Britten-Jones
【简介及目录】   
Product Details
    * Hardcover: 220 pages
    * Publisher: Butterworth-Heinemann (November 23, 1998)
    * Language: English
    * ISBN-10: 075064012X

Product Description
Fixed Income and Interest Rate Derivative Analysis gives a clear andaccessible approach to the analytical techniques of debt instrumentvaluation. Without using complicated mathematical abstractions, thistext shows that the fundamentals of fixed income and interest ratederivate analysis can be easily understood when seen as a small numberof simple economic concepts.

* A comprehensive and accessible explanation of underlying theory, andits practical application * Case studies and worked examples fromaround the world's capital markets * How to use spreadsheet modellingin fixed income and interest rate derivative analysis

Concepts inroduced in this book are reinforced and explained, not withthe use of high-powered mathematics, but with actual examples ofvarious market instruments and case studies from North America, Europe,Australia and Hong Kong. The text also contains review questions which aid the reader in their understanding.

Mark Britten-Jones, BEcon, MA, PhD, is an Assistant Professor of Finance at the London Business School where he teaches Fixed Income Securities and Markets as part of a MBA and Master's course in Finance.

A comprehensive and accessible explanation of underlying theory, and its practical application.
Case studies and worked examples from around the world's capital markets.
How to use spreadsheet modelling in fixed income and interest rate derivative valuation.

Contents
Preface;
Acknowledgements;
Fixed cash flows - Valuation of fixed cash flows with perfect replication;
Imperfect replication: immunization and duration;
Simple random cash flows - Forward rates, T-bill futures, and quasi-arbitrage;
The eurodollar market and simple interest rate swaps;
General rate-sensitive cash flows - No-arbitrage and risk-neutral pricing;
State prices, forward induction, and tree-fitting;
The Black-Derman-Toy Model;
Convexity; Callable and convertible bonds;
Credit risk;
Continuous-time finance;
Index.