Option Embedded Bonds: Price Analysis, Credit Risk, and Investment Strategies

by Israel Nelken

Interest rate volatility has spawned a huge increase in the issuances of option-embedded bonds. Comprising a variety of structures including: callable bonds, structured notes and convertible securities, option-embedded bonds confer benefits to both borrowers and investors. For borrowers, these products usually provide protection against interest rate risk. For investors, they typically provide higher yields than conventional bonds. Unfortunately,...

• Format: Hardcover
• Language: English
• ISBN: 0786308184
• ISBN13: 9780786308187
• Release Date: August 1996
• Publisher: McGraw-Hill Trade
• Length: 305 Pages
• Weight: 1.46 lbs.
• Dimensions: 1.3" x 6.3" x 9.3"