Fixed Income Mathematics by Robert ZipfFixed Income Mathematics by Robert Zipf

Fixed Income Mathematics

byRobert ZipfEditorRobert Zipf

Hardcover | May 16, 2003

Pricing and Purchase Info

$118.63 online 
$126.95 list price save 6%
Earn 593 plum® points

Prices and offers may vary in store


In stock online

Ships free on orders over $25

Not available in stores


Fixed Income Mathematicsis an easy-to-understand introduction to the mathematics of common fixed income instruments. This book offers explanations, exercises, and examples without demanding sophisticated mathematics from the reader. 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 to financial mathematics and to increased competence in business analysis. International comparisons are used to illustrate how interest is compounded.

This text will be a valuable resource for professional insurance and other actuarials who invest in bonds and who are concerned with inflation, asset-liability management, the time value of money, interest rates, rates of return, risk, and investment income. It will also appeal to MBA students and anyone seeking a general introduction or overview of the subject.

* An easy-to-understand introduction to the mathematics of common fixed income instruments
* Offers students explanations, exercises, and examples without demanding sophisticated mathematics
* Uses international comparisons to illustrate how interest is compounded
Robert Zipf has more than 30 years experience in the financial field, with such companies as John Hancock Mutual Life Insurance Company, IBM, Merrill Lynch, and AMBAC Indemnity Corporation. For many years, he has led seminars in municipal bonds for entry level professionals, and since 1993 has led seminars on municipal bonds and fixed ...
Title:Fixed Income MathematicsFormat:HardcoverDimensions:366 pages, 9 × 6 × 0.98 inPublished:May 16, 2003Publisher:Academic PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0127817212

ISBN - 13:9780127817217


Table of Contents

Introduction; Interest; Compound Interest; Present Value; Annuities Certain; Bond Price Calculation; Future Value of Annuity; Accrued Interest; Discount Securities; Calculations for Other Securities; Quotations; Types of Yields; Sources of Return; Volatility and Its Measures; Duration' Convexity; Calculus Derivation; Probability Applications; Term Structure of Interest Rates; Uncertain and Variable Cash Flows; Mortgage Backed Securities; Futures; Options; Bibliography.