Valuation of Fixed Income Securities and Derivatives
Edition: 3 edition
Publisher: Wiley
Published: January 1998
Language: eng
Format: Hardcover
Number of pages: 288
ISBN-13: 9781883249250
Subjects: Budgeting & financial management; Stocks & shares; Securities; Business & Economics; Business / Economics / Finance; Business/Economics; Investments & Securities - General; Business & Economics / Investments & Securities; Fixed-income securities
First sentence: The objectives of this chapter are to: 1. explain what is meant by the cash flows of a financial asset; 2. discuss the process involved in valuing a fixed income security; 3. explain the situations in which determination of the cash flows of a fixed income security is complex; 4. review the provisions that allow the cash flows to be altered by either the issuer or the investor; 5. explain why a fixed income security should be viewed as a package of zero-coupon securities; 6. review risk measures associated with investing in fixed income securities; and, 7. explain the role of valuation in deriving risk measures.
Notes: 3rd Edition