Inside the Yield Book: The Classic That Created the Science of Bond Analysis
Inside the Yield Book: The Classic That Created the Science of Bond Analysis by Brand: Bloomberg Press at HYIP Offer. Hurry! Limited time offer. Offer valid only while supplies last. First published in 1972, Inside the Yield Book revolutionized the fixed-income industry and forever altered the way investors looked at bonds. More
This edition updates the widely respected classic with new material by Martin L. Leibowitz that develops a horizon-based approach to present value and shows how these concepts can be generalized beyond bonds to become useful in the analysis of virtually any investment opportunity, including equities. Also included is a new foreword by Henry Kaufman, former vice chairman of Salomon Brothers.
Inside the Yield Book explains and makes sense of essential mathematical relationships that are basic to an understanding of bonds, annuities, loans--in fact, any securities or investments that involve compound interest and the determination of present value for future cash flows.
In an era of calculators and computers, some of these important underlying principles are not always grasped thoroughly by market participants. Investors, traders, and analysts who want to sharpen their ability to recall and apply these fundamentals will find this book the perfect concise resource. This authoritative work, now significantly expanded, is more instructive, important, and useful than ever for mastering crucial concepts of time, value, and return, and for better comprehending their role within the world of investments, in particular, and finance, in general.
|Brand:||Brand: Bloomberg Press|
|Item Weight:||1.44 pounds|
|Item Size:||1 x 9.3 x 9.3 inches|
|Package Weight:||1.37 pounds|
|Package Size:||6.14 x 1.1 x 1.1 inches|