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    Fixed Income Mathematics
    Fixed Income Mathematics
    Fixed Income Mathematics
    Ebook278 pages5 hours

    Fixed Income Mathematics

    By Robert Zipf

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    About this ebook

    Fixed Income Mathematics is 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
    LanguageEnglish
    PublisherAcademic Press
    Release dateJun 8, 2003
    ISBN9780080506555
    Fixed Income Mathematics
    Author

    Robert Zipf

    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 income mathematics at The FT New York Institute of Finance, now FT Knowledge Financial Learning. Mr. Zipf has written two books, How Municipal Bonds Work, and How the Bond Market Works, Third Edition, and has published articles in several municipal bond related publications. He is a member of The Municipal Bond Club of New York, the American Economic Association, and The Municipal Forum of New York, where he also served as President.

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