It takes the average reader to read Money Market and Bond Calculations by Marcia L. Stigum
Assuming a reading speed of 250 words per minute. Learn more
Written as a companion to Marcia Stigum's classic, The Money Market (3rd Ed., 1990), Money Market and Bond Calculations provides precise and thorough explanations for valuing fixed-income instruments throughout the world. The authors present an economical, consistent and easy-to-remember notation, one designed to make their equations simple to grasp and to manipulate. (For the reader's convenience, this notation is reproduced on the front and back papers of the book.) The authors also discuss interest-payment conventions and day-count fractions, topics that are crucial to understanding the pricing of various instruments covered in this book. Filled with examples that assume yields ranging from low to high, Money Market and Bond Calculations addresses: important price/yield relationships for discount and interest-bearing money market paper and examples of how these relationships can be used in practical and common situations to derive breakeven and other key numbers; commonly used concepts of yield and the standard bond equation, the equation most commonly used to make price/yield calculations for notes and bonds; more advanced topics regarding bonds: carry, various measures of duration, convexity and the ways in which the latter two measures of risk can be applied in putting on arbitrages and in portfolio management; and fixed-income securities worldwide, including covered interest arbitrage, floating-rate notes (FRNs), payment-in-kind bonds (PIKs) and descriptions of and calculations for the sovereign debt issued of major countries. Money and bond markets offer enormous opportunities for all market players - Money Market and Bond Calculations will help the reader profit from theseopportunities.
Money Market and Bond Calculations by Marcia L. Stigum is 0 pages long, and a total of 0 words.
This makes it 0% the length of the average book. It also has 0% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes to read Money Market and Bond Calculations aloud.
Money Market and Bond Calculations is suitable for students ages 2 and up.
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