02355nam 2200637 a 450 991045788830332120200520144314.00-295-80124-7(CKB)2550000000054493(EBL)3444366(SSID)ssj0000565237(PQKBManifestationID)11361535(PQKBTitleCode)TC0000565237(PQKBWorkID)10528337(PQKB)11769015(MiAaPQ)EBC3444366(OCoLC)757822287(MdBmJHUP)muse21258(Au-PeEL)EBL3444366(CaPaEBR)ebr10498762(CaONFJC)MIL810538(EXLCZ)99255000000005449320020213d2002 uy 0engur|n|---|||||txtccrParallel destinies[electronic resource] Canadian-American relations west of the Rockies /edited by John M. Findlay and Ken S. CoatesSeattle Center for the Study of the Pacific Northwest in association with University of Washington Press ;Montreal McGill-Queen's University Pressc20021 online resource (328 p.)The Emil and Kathleen Sick lecture-book series in western history and biographyDescription based upon print version of record.0-295-98252-7 0-295-98253-5 Includes bibliographical references and index.pt. 1. The permeable border -- pt. 2. Negotiating the international boundary -- pt. 3. National distinctions.Emil and Kathleen Sick lecture-book series in western history and biography.United StatesRelationsCanadaCanadaRelationsUnited StatesUnited StatesBoundariesCanadaCanadaBoundariesUnited StatesNorthern boundary of the United StatesHistoryNorthwest, PacificHistoryCanada, WesternHistoryElectronic books.979.5Findlay John M.1955-881651Coates Kenneth1956-229466MiAaPQMiAaPQMiAaPQBOOK9910457888303321Parallel destinies2242318UNINA04229nam 22007094a 450 991097489150332120200520144314.09786612097225978128209722312820972299780262274241026227424897814237467991423746791(CKB)111035898479404(CtWfDGI)bkb00000038(SSID)ssj0000113686(PQKBManifestationID)11984544(PQKBTitleCode)TC0000113686(PQKBWorkID)10100172(PQKB)11433445(MiAaPQ)EBC3338518(Au-PeEL)EBL3338518(CaPaEBR)ebr10173573(OCoLC)957700694(FR-PaCSA)88841811(FRCYB88841811)88841811(BIP)6450546(EXLCZ)9911103589847940420000707d2001 uy 0engurzn||||||txtccrBond pricing and portfolio analysis protecting investors in the long run /Olivier de la Grandville1st ed.Cambridge, Mass. MIT Press2001xvii, 455 p. illTitle from title screen.9780262041850 0262041855 Includes bibliographical references (p. 441-446) and index.Intro -- INTRODUCTION -- 1 A FIRST VISIT TO INTEREST RATES AND BONDS -- 2 AN ARBITRAGE-ENFORCED VALUATION OF BONDS -- 3 THE VARIOUS CONCEPTS OF RATES OF RETURN ON BONDS: YIELD TO MATURITY AND HORIZON RATE OF RETURN -- 4 DURATION: DEFINITION, MAIN PROPERTIES, AND USES -- 5 DURATION AT WORK: THE RELATIVE BIAS IN THE T-BOND FUTURES CONVERSION FACTOR -- 6 IMMUNIZATION: A FIRST APPROACH -- 7 CONVEXITY: DEFINITION, MAIN PROPERTIES, AND USES -- 8 THE IMPORTANCE OF CONVEXITY IN BOND MANAGEMENT -- 9 THE YIELD CURVE AND THE TERM STRUCTURE OF INTEREST RATES -- 10 IMMUNIZING BOND PORTFOLIOS AGAINST PARALLEL MOVES OF THE SPOT RATE STRUCTURE -- 11 CONTINUOUS SPOT AND FORWARD RATES OF RETURN, WITH TWO IMPORTANT APPLICATIONS -- 12 TWO IMPORTANT APPLICATIONS -- 13 ESTIMATING THE LONG-TERM EXPECTED RATE OF RETURN, ITS VARIANCE, AND PROBABILITY DISTRIBUTION -- 14 INTRODUCING THE CONCEPT OF DIRECTIONAL DURATION -- 15 A GENERAL IMMUNIZATION THEOREM, AND APPLICATIONS -- 16 ARBITRAGE PRICING IN DISCRETE AND CONTINUOUS TIME -- 17 THE HEATH-JARROW-MORTON MODEL OF FORWARD INTEREST RATES, BOND PRICES, AND DERIVATIVES -- 18 THE HEATH-JARROW-MORTON MODEL AT WORK: APPLICATIONS TO BOND IMMUNIZATION -- BY WAY OF CONCLUSION: SOME FURTHER STEPS -- ANSWERS TO QUESTIONS -- FURTHER READING -- REFERENCES -- INDEX.This text makes accessible the most important methodological advances in bond evaluation from the past twenty years. With uncommon precision and a strong emphasis on the underlying economic fundamentals, Olivier de La Grandville presents a unified framework for understanding the basic tools of bond evaluation, including duration, convexity, and immunization. Among the book's most valuable contributions is a general immunization theorem that can be used by practitioners to protect investors against any change in the structure of spot interest rates. Also of note is the detailed presentation of the Heath-Jarrow-Morton model and a discussion of its relationships with classical immunization schemes. Each chapter is followed by a series of questions, problem sets, and projects; detailed solutions to all of them appear at the end of the book. Although the treatment is thorough and rigorous, the presentation throughout the book is intuitive.BondsPricesInterest ratesInvestment analysisPortfolio managementBondsPrices.Interest rates.Investment analysis.Portfolio management.332.63/23La Grandville Olivier de295630MiAaPQMiAaPQMiAaPQBOOK9910974891503321Bond pricing and portfolio analysis717607UNINA