1.

Record Nr.

UNINA9911019314003321

Autore

Windas Tom

Titolo

Introduction to option-adjusted spread analysis / / Tom Windas ; revised by Tom Miller ; foreword by Peter Wilson

Pubbl/distr/stampa

New York, : Bloomberg Press, 2007

ISBN

9786612686856

9781119204787

111920478X

9781282686854

1282686852

9780470883136

0470883138

Edizione

[Rev. and expanded 3rd ed.]

Descrizione fisica

1 online resource (177 p.)

Collana

Bloomberg Financial ; ; v.46

Altri autori (Persone)

MillerTom <1964->

WindasTom

Disciplina

332.63/2283

Soggetti

Fixed-income securities

Option-adjusted spread analysis

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. 153-154) and index.

Nota di contenuto

Introduction to Option-Adjusted Spread Analysis; CONTENTS; Foreword by Peter Wilson; Acknowledgments; Introduction: Why OAS Analysis?; PART ONE Yield Analysis Versus OAS Analysis; CHAPTER 1 Fatal Flaws in Traditional Yield Calculations; CHAPTER 2 The Bond as a Portfolio; PART TWO Valuing Options; CHAPTER 3 Intrinsic Value; CHAPTER 4 Time Value; PART THREE Modeling Interest Rates; CHAPTER 5 Implied Spot and Forward Rates; CHAPTER 6 Beyond the Lognormal Model; CHAPTER 7 Volatility and the Binomial Tree; CHAPTER 8 Matching the Model to the Market; PART FOUR Measuring the Spread

CHAPTER 9 Bullet BondsCHAPTER 10 Nonbullet Bonds; PART FIVE Applications of OAS Analysis; CHAPTER 11 Evaluating Performance; CHAPTER 12 Estimating Fair Value; Conclusion: Building a Better OAS; Glossary; References & Additional Reading; Index

Sommario/riassunto

"Explains option-adjusted spread analysis, a method for valuing bonds



with options. This book takes readers through each step of the calculation"--Provided by publisher.