Inside the Yield Book: The Classic That Created the Science of Bond Analysis, New Edition
Sidney Homer, Martin L. LeibowitzISBN: 1576601595; 9781576601594;
First published in 1972, Inside the Yield Book revolutionized the fixed income industry and forever altered the way investors looked at bonds. Over thirty years later, it remains a standard primer and reference among market professionals. Generations of practitioners, investors, and students have relied on its lucid explanations, and readers needing to delve more deeply have found its explication of key mathematical relationships to be unmatched in clarity and ease of application. This edition updates the widely respected classic with a new chapter by Martin L. Leibowitz on present value analysis, and a new foreword by Henry Kaufman, former vice chairman of Salomon Brothers. Inside the Yield Book explains and makes sense of essential mathematical relationships that are basic to an understanding of bonds, annuities, loans?in fact, any securities and investments that involve compound interest and the determination of present value for future cash flows. In an...