LEADER 05424nam 22006974a 450 001 9910458497803321 005 20200520144314.0 010 $a1-281-02413-9 010 $a9786611024130 010 $a1-4294-9509-X 010 $a0-08-050655-0 035 $a(CKB)1000000000363492 035 $a(EBL)298453 035 $a(OCoLC)171131897 035 $a(SSID)ssj0000155818 035 $a(PQKBManifestationID)11946818 035 $a(PQKBTitleCode)TC0000155818 035 $a(PQKBWorkID)10123871 035 $a(PQKB)10270665 035 $a(MiAaPQ)EBC298453 035 $a(CaSebORM)9780127817217 035 $a(PPN)170268292 035 $a(Au-PeEL)EBL298453 035 $a(CaPaEBR)ebr10179811 035 $a(CaONFJC)MIL102413 035 $a(OCoLC)855867210 035 $a(EXLCZ)991000000000363492 100 $a20030224d2003 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFixed income mathematics$b[electronic resource] /$fRobert Zipf 205 $a1st edition 210 $aAmsterdam ;$aBoston $cAcademic Press$dc2003 215 $a1 online resource (343 p.) 300 $aDescription based upon print version of record. 311 $a0-12-781721-2 320 $aIncludes bibliographical references and index. 327 $aFront Cover; Fixed Income Mathematics; Copyright Page; Contents; Chapter 1. Introduction-Who this Book is for and What it Hopes to Accomplish; Historical Background-The Big Change in Investment, Loan, and Money Management; What this Book Hopes to Accomplish; What Sort of Problems Might this Book Help You to Solve?; Who this Book is Meant to Address; The Mathematical Knowledge Required for this Book; The Role of Examples and Problems in this Book; Chapter 2. Interest, Its Calculation, and Return on Investment; A General Introduction to Interest; How to Compute Interest; Notation 327 $aPercentage Rate and Time PeriodReturn on Investment; Analysis of Investments or Returns without Explicit Money Values, and Intangible Investments and Returns; Chapter Summary; Chapter 3. Compound Interest; What is Compound Interest?; Using Compound Interest Tables; Looking at the Compound Interest Tables; Compounding within a Period; The Equations for Compound Interest-Compounding within a Period; Continuous Compounding: How it Works and When it Applies; The Derivation of the Equations for Continuous Compounding; What is a Mathematical Model?; Some Famous Mathematical Models 327 $aReasons for Using Continuous Functions in Financial ModelsA Business Example of Use of Continuous Functions; Further Reflections on Approach 3; Computing i, Given S, Snt, T, and N; Accuracy Requirements; Legal Requirements for Accuracy; An Example from Compound Interest; Using Tables and Interpolating between Values; The Rule of 72; A Zero Interest Rate?; Negative Interest Rates?; Real and Nominal Rates; Chapter Summary; Suggestions for Further Study; Chapter 4. Present Values; What is Present Value?; The Equation for Present Value; The General Equation for Present Value 327 $aThe Present Value TablesUsing Present Values to Make Project Decisions; Example of Project Analysis; Using Different Interest Rates in the Analysis; The Equations for Flow of Funds Analysis; The Various Number Systems and What They Mean; Solving Polynomial Equations; Practical Considerations in Using Calculators and Computers to Solve Polynomial Equations; Using the Bisection Method to Find Real Solutions; What if the Exponents are not Integers?; Chapter Summary; Suggestions for Further Study; Chapter 5. Annuities Certain; What is an Annuity Certain?; Examples of Annuities Certain 327 $aWhy Annuities Certain are ImportantThe Equation for the Present Value of an Annuity Certain; A Look at the Tables for an Annuity Certain; Solving for the Interest Rate, Given the Annuity Certain and Its Cost; The Perpetuity; The Annuity Due; Further Comments; Analysis and Calculation of Some Combination Annuities Certain; Chapter Summary; Chapter 6. Bond Price Calculation; What is a Bond?; How Bonds are Described; How to Read a Bond Market Report; What is a Call Feature?; What is a Put Option?; Discount Securities; The General Equation for Computing a Bond Price, Given the Yield 327 $aA Note on Yield 330 $aAn introduction to common fixed income instruments and mathematics, this book offers explanations, exercises, and examples without demanding sophisticated mathematics. Not only does the author use his business and teaching experience to highlight the fundamentals of investment and management decision-making, but he also offers questions and exercises that suggest the applicability of fixed income mathematics. Written for the reader with a general mathematics background, this self-teaching book is suffused with examples that also make it a handy reference guide. It should serve as a gateway 606 $aFixed-income securities$xMathematics 606 $aRate of return 608 $aElectronic books. 615 0$aFixed-income securities$xMathematics. 615 0$aRate of return. 676 $a332.63/2044 700 $aZipf$b Robert$0614058 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910458497803321 996 $aFixed income mathematics$91129430 997 $aUNINA