Fixed Income Mathematics

by Frank J. Fabozzi

Book Overview

The standard reference for fixed income portfolio managers Despite their conservative nature, fixed income instruments are among the investment industry's most complex and potentially risky... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0786311215
• ISBN13: 9780786311217
• Release Date: August 1996
• Publisher: McGraw-Hill Companies
• Length: 448 Pages
• Weight: 1.72 lbs.
• Dimensions: 1.4" x 6.4" x 9.3"

Customer Reviews

only book you need for Intro Cap Markets & Debt Markets clas

i'm currently subjecting myself to the finance curriculum at a quant-heavy, top 5 b-school ... while the profs consistently recommend verbose, over-complicated texts that are full of jargon & painful to read (e.g. priaulet/martelli, bodie/marcus/kane, etc.), i found this book to be the only book i need. while it doesnt spend a whole lot of time on theory & intuition, it does do a good job on fundamental math that i have been expected to master. after my profs speeds thru lecture at breakneck speed, mixing concepts & calculations, i go home & read this book to understand the math & practice the concepts. the book is the BEST book i have used in b-school.

The ?Perfect? Book For Me

Many of us will be retiring in the next few years, or may already be retired. Fixed income from our financial investments will be an important part of our lives. How many of us really know what Yield To Maturity (YTM) means? Or, for that matter, the myriad of other measurements associated with fixed-income instruments? As a retired engineer with a propensity for computational mathematics, it is my natural desire to optimize my fixed-income portfolio. This "Perfect" book gives me a good head start in my endeavors. The text is logical and easy to understand. The mathematics is "cookbook" simple. As a minimum, I will better equipped to determine the correct price for most fixed-income investments. With enough effort, I should be able to manage my own near "Perfect" portfolio. Fabozzi picks up where most writers stop, namely, the quantitative analysis.Thank you Frank.

excellent reference, BUT. . .

This material is completely new to me, but I have had no problems understanding things due to the clarity and methodical approach to fixed income analysis that Fabozzi provides. My only gripe is that whoever edited this thing did a really slip-shod job: seven chapters into it, and I've already run across at least a dozen typos, misspellings, and inaccurate figures that all seem to be the result of nothing more than laziness on the part of the editor/proofreader.A little frustrating to me as I expect to rely on this otherwise very highly-recommended text for many years to come.

A must buy to teachers as well as students of finance.

Fabozzi's Fixed Income Mathematics functions as a great resource guide which will help one with understanding various mathematical equations behind so many industry standard concepts. It provides the reader with a quick reference utility to check, calculate and/or teach others to how financial numbers are being evaluated. A must buy for teachers as well as students of finance.

Outstanding from start to finish!

This book is great for anyone that deals with fixed income investment vehicles. From basic bonds to stripped mortgage backed securities, the math and concepts behind their valuations are discussed and explained in clear and concise terms. Sample computations with complete answers are supplied throughout the text.