New Features to the Sixth Edition Include:

• New section on liquidity presents students with information on the treatment of credit ratings, default losses and migration patterns, quality yield spreads over time, high-yield debt, and yield spreads with respect to maturity.
• Updated data on the flow of funds (chapter 2) offers students new information regarding the total debt outstanding for various major sectors of the economy.
• Enhanced coverage on inflation and returns introduces students to a section on inflation-indexed bonds and Treasury TIPS.
• Improved chapter on the term structure of interest rates (chapter 6) familiarizes students with modeling the term structure as well as with relevant empirical work.
• Detailed treatment of bond portfolio management illustrates for students the arbitrage efficiency between zero-coupon and coupon bonds with an actual situation.
• Expanded chapter on derivative securities enables students to explore a very important market that is continually developing.
• Rewritten chapter on mortgage securities that covers mortgage derivatives, modeling prepayments, and "TBA" pricing that reflects important changes in mortgage-backed securities.
• Reorganized treatment of municipal bonds helps explain the nature of the market and the valuation of municipals in relation to taxable bonds.

• ISBN: 0130180440
• ISBN-13: 9780130180445
• Author : James C. Van Horne
• Category : Business & Economics - Interest
• Language : English
• Format:  Paperback - Search for other formats
• Publication Date: 6/1/2000
• Publisher Imprint: Prentice Hall
• Price ($AUD): $142.95


• Usual Dispatch Time: 7 - 10 days

• Please note that all prices are in Australian dollars
• Some titles may be subject to availability