Error title
Some error text about your books and stuff.
Close
Bond Pricing and Portfolio Analysis Protecting Investors in the Long Run cover
  • ISBN: 9780262041850
  • ISBN10: 0262041855

Bond Pricing and Portfolio Analysis Protecting Investors in the Long Run

by Olivier De LA Grandville

  • List Price: $95.00
  • Binding: Hardcover
  • Publisher: Mit Pr
  • Publish date: 11/01/2000
used Add to Cart $8.46
You save: 91%
Marketplace Item
new Add to Cart $16.25
You save: 83%
Marketplace Item
Description
This comprehensive text makes accessible the most important methodological advances in bond evaluation of the past twenty years. With uncommon precision and a strong emphasis on the underlying economic fundamentals, de la Grandville presents a unified framework for understanding the basic tools of bond evaluation, including duration, convexity, immunization, and interest rate derivatives.

One of the book's most valuable contributions is its detailed demonstration of the Health-Jarrow-Morton model of interest term structure and its applications to bond portfolio duration and immunization. Other innovative treatments include a discussion of the exact relationship between spot and forward rates of return, formulas for the expected value and variance of the long-term rate of return on bonds as functions of one-year estimates, the introduction of a new concept of duration based on the directional derivative, and a geometrical interpretation of a martingale probability construction.

Each chapter is followed by a series of questions, problem sets, and projects. Detailed answers to all of them are provided at the end of the book. Although the treatment is thorough and rigorous, the exposition is intuitive throughout.

Expand description
Seller Condition Comments Price  
northeastbooks FL

Location: Miami, FL
Very Good
Shipping Icon
0262041855 Same or next day processing! GREAT shape! May have some minor physical wear, light to no markings/highlights! ! Choose EXPEDITED for super fast delivery!
$8.46
Powell's Books Chicago

Location: Chicago, IL
Like New
2000. Hardcover. Fine.
$11.25
Powell's Books Chicago

Location: Chicago, IL
Very Good
2000. Hardcover. Text block rippled. Very Good.
$11.25
Ebooksweb

Location: Bensalem, PA
New
Shipping Icon
0262041855 Ships Within 24 Hours. Tracking Number available for all USA
[...]
$16.25
indoo.com

Location: Avenel, NJ
New
0262041855.
$19.51
One Stop Shop Bookstore

Location: Memphis, TN
Good
Shipping Icon
$29.42
One Stop Shop Bookstore

Location: Memphis, TN
Good
Shipping Icon
$29.48
Found Books

Location: AUSTIN, TX
Good
0262041855.
$39.37
Ables Bookstore

Location: chattanooga, TN
Good
Shipping Icon
$43.66
Basi6 International

Location: Irving, TX
New
New, US edition. Satisfaction guaranteed! !
$77.33