Swap Literacy: A Comprehensible Guide (Bloomberg Professional Library)

By Elizabeth Ungar

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 bond's price sensitivity to changes in interest rates.

• Format: Hardcover
• Language: English
• ISBN: 1576600017
• ISBN13: 9781576600016
• Release Date: January 1996
• Publisher: Bloomberg Pr
• Length: 158 Pages
• Weight: 0.57 lbs.
• Dimensions: 8.3" x 0.5" x 4.8"