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Swap Literacy: A Comprehensible Guide Elizabeth Ungar

Swap Literacy: A Comprehensible Guide

Elizabeth Ungar

Published December 31st 1996
ISBN : 9781576600016
Hardcover
158 pages
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 About the Book 

This text provides a working knowledge of all aspects of option-adjusted analysis, presenting it as a valuable tool for analyzing and comparing bonds with different structures. It shows the limitations of traditional yield-based risk-and-return analysis, and how to determine option-free price and yield. Also included are modelling and valuing early redemption provisions as embedded options on a bond- and advice on how to measure a bonds price sensitivity to changes in interest rates.