Bond Math covers in concise detail the key calculations professionals working in the fixed income arena need to do their jobs everyday. But this book is much more than just a bunch of calculations; the emphasis is on how to think about bond math and then carry out the inevitable calculations.
Author Donald Smith covers many of the essential issues in bond math, including rates of return, characteristics of different types of debt, yield statistics, value at risk, calculating implied forward and implied spot rates, and much more.
