Title: Municipal derivative securities
First published: 1995
Description: Municipal Derivative Securities makes the "complex" simple, clearly explaining the new securities, their payment characteristics, and price volatility. The book takes a three-step fool-proof approach to understanding and valuing derivative securities that involves: 1. Using expectational analysis to quantify future interest rates and determine risk/return scenarios; 2.

Recognizing the structure of municipal derivatives, including the characteristics of forwards/futures, swaps, options, and other derivative components; and 3. Following the authors' Derivative Asset Pricing Model - a framework for properly valuing even the most complex securities now and in the future.

. Municipal Derivative Securities also explains the mathematics of municipal bond valuation, including bond pricing and computation of yield, duration, convexity, and price volatility. Most important, you'll find examples of five different derivative securities that include step-by-step guidelines of proper valuation.
Subjects: Municipal bonds, Prices, Derivative securities, Mathematical models, Investment & securities, Political economy, Bonds, Public Investments, Business / Economics / Finance, United States, Business/Economics, Investments & Securities - Bonds
Places: United States
LC classification: HG4726 .G73 1995