Valuing Fixed-Income Investments and Derivative Securities: Cash-Flow Analysis and Calculations (New York Institute of Finance)
by Steven Allen, Arnold D. Kleinstein
Category: Business & Economics

A reference designed to help the reader to calculate the value of a fixed-income investment such as a Treasury bond. Fixed income investments are securites that pay a fixed rate of return. Derivative securities are newer investment products that have the basic characteristics of a traditional instrument, such as stock or a bond, but with a new element or two added. Investors focus on cash flow, because it determines whether a company can pay dividends to its investors. Cash flow also determines how often and how much of a dividend is paid.