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Title: Money Market Bond Calculations by Marcia Stigum, Franklin L. Robinson ISBN: 1-55623-476-7 Publisher: McGraw-Hill Trade Pub. Date: 01 July, 1996 Format: Hardcover Volumes: 1 List Price(USD): $65.00 |
Average Customer Rating: 4.33 (3 reviews)
Rating: 4
Summary: Good book - despite the errors
Comment: I really like the way the fundamentals of valuation are derived from first principle's. It gives a very good presentation of where the assumptions are made. It is extremely important to understand the assumptions if you really want to know what the results do and do not tell you.
That said, there are several typo's and mathematical errors that really need to be corrected - such as the inverted numerator and denominator in the Newton-Raphson equation presented.
Rating: 5
Summary: Solid Reference Manual
Comment: Most people take for granted the calculations used to generate a yield, duration and other fixed income statistic. These values are, more often than not, taken as being absolutes by the people who should most know that they are not always absolute and that yields in one market sector are not always comparable to yields in other market sectors. This book, a long anticipated follow-up to "Money Market Calculations" codifies in a succinct manner the basic conventions used to calculate bond numbers for various market sectors. While the book is certainly not a page-turner, it is a very important reference that should be found on every buy and sell-side trading desk.
Rating: 4
Summary: Good book
Comment: I found this is the excellent book for anyone to understand bond yielding calculation. Whether you are experienced bond market player, or just beginner, you can always find something useful in the book. I would rate this book 4 stars.
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Title: The Money Market by Marcia Stigum ISBN: 1556231229 Publisher: McGraw-Hill Trade Pub. Date: 01 December, 1989 List Price(USD): $99.00 |
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Title: Fixed Income Mathematics by Frank J. Fabozzi ISBN: 0786311215 Publisher: McGraw-Hill Trade Pub. Date: 01 August, 1996 List Price(USD): $62.64 |
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Title: Fixed Income Securities: Tools for Today's Markets, Second Edition by Bruce Tuckman ISBN: 0471063177 Publisher: John Wiley & Sons Pub. Date: 16 August, 2002 List Price(USD): $69.95 |
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Title: Options, Futures, and Other Derivatives (5th Edition) by John C. Hull ISBN: 0130090565 Publisher: Prentice Hall Pub. Date: 03 July, 2002 List Price(USD): $141.00 |
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Title: The Handbook of Fixed Income Securities, 6th Edition by Frank J. Fabozzi ISBN: 0071358056 Publisher: McGraw-Hill Trade Pub. Date: 24 August, 2000 List Price(USD): $99.95 |
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