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Product Description
Bond Evaluation, Selection, and Management, + Website (Wiley Finance) (9780470478356): R. Stafford Johnson: Books. Understanding today's dynamic fixed-income investment environment requires both finance professionals and students to become familiar with the markets for an increasing number of debt securities, the process of securitization, and how securitized derivatives are formed and valued, as well as fundamental and advanced bond investment strategies.With this in mind, author R. Stafford Johnson has returned to create the Second Edition of Bond Evaluation, Selection, and Management—a fully revised guide to fixed-income securities that reflects current market conditions.Divided into five comprehensive parts, this reliable resource will take you from the basics of bond investment theories to the most detailed discussions of their markets and strategies. By covering both fundamental and advanced issues, this book will help you gain a solid understanding of the complexities involved in the evaluation and selection of bonds as well as debt positions with detailed structures. Page by page, this timely guide:Analyzes debt securities in terms of value, return, risk, maturity, marketability, liquidity, and taxabilityDelineates the different debt securities and their markets in terms of the rules, participants, and forces that govern themExamines bond strategies and the valuation of bonds with embedded optionsCovers the use of futures and options contracts on debt securities as well as the roles of interest rate swaps, swap derivatives, and currency and credit default swapsReinforces important concepts through review questions, Web exercises, and practice problems in each chapterAlong with the material found here, a companion Web site has been created with chapter Powerpoints, solution manuals, an Excel program package, and an updated external links site.Focusing on the most essential concepts in this field, Bond Evaluation, Selection, and Management, Second Edition will put you in a better position to excel at this challengingfinancial endeavor.
Shipping Weight: 2 pounds
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