Despite their conservative nature, fixed income instruments are among the investment
industry's most complex and potentially risky investments. Fixed Income Mathematics
is recognized worldwide as the essential professional reference for understanding the
concepts and evaluative methodologies for bonds, mortgage-backed securities, asset-backed
securities, and other fixed income instruments.
This fully revised and updated fourth edition features all-new illustrations of the
future and present value of money, with appendices on continuous compounding and new
sections and chapters addressing risk measures, cash flow characteristics of
credit-sensitive mortgage-backed and asset-backed securities, and more.
Frank J. Fabozzi, Ph.D., CFA, is the Frederick Frank Adjunct Professor of
Finance at Yale University's School of Management and editor of the Journal of
Portfolio Management. One of the world's foremost authorities on fixed income
securities and derivative instruments, Fabozzi is the bestselling author or editor of more
than fifty books, including The Handbook of Fixed Income Securities
Hardcover, 649 pages