Fixed-income securities traditionally promised fixed cash-flows (like bonds), but in the last few years there have been many newly-created fixed-income securities for which the promised cash flows depend on the level of interest rates, making them hard to value. This book covers the advanced thinking in the fieldfixed income securities valuation models and techniques and their applications.
Book Details:
- Author: Narasimhan Jegadeesh
- ISBN: 9780470307410
- Year Published: 2000
- Pages: 414
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
Fixed-income securities traditionally promised fixed cash-flows (like bonds), but in the last few years there have been many newly-created fixed-income securities for which the promised cash flows depend on the level of interest rates, making them hard to value. This book covers the advanced thinking in the fieldfixed income securities valuation models and techniques and their applications.
This book deals with the subtleties of fixed-income mathematics, new approaches to modeling term structures, and fixed-income valuation as it applies to credit risk, mortgages, munis, and indexed bonds. * Covers the most advanced thinking in the field of how to value the new fixed income securities. * Contributors from academia and the finance profession ensure the book contains the latest academic and “real-world” thinking on the topic.
About the Author
NARASIMHAN JEGADEESH, PhD, is the Harry A. Brandt Distinguished Professor of Finance at the University of Illinois at Urbana-Champaign. He was formerly a member of the faculty at the University of California at Los Angeles and he received his PhD in finance from Columbia University. Professor Jegadeesh has been published extensively in the Journal of Finance, the Journal of Financial Economics, and other leading financial journals. He serves on the editorial board of the Journal of Securities Market. He is also an investment consultant for the hedge funds managed by Arbitrade Holdings LLC. BRUCE TUCKMAN, PhD, is Managing Director and Global Head of Relative Value Modeling at Credit Suisse First Boston. After receiving his doctorate in economics from MIT, he became a professor of finance at New York University’s Stern School of Business and a visiting professor at UCLA’s Anderson School. He began his Wall Street career at Salomon Brothers’ Fixed Income Proprietary Trading Group.