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- Author: Tom Miller
- Publisher: Wiley-Bloomberg Press
- ISBN-10: 1576602419
- ISBN-13: 9781576602416
- Format: 14.8 x 21.5 x 2 cm, kieti viršeliai
- Language: English
- SAVE -10% with code: EXTRA
An Introduction to Option Adjusted Spread Analysis, Revised and Expanded Third Edition (e-book) (used book) | bookbook.eu
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Description
Top traders, investors, and analysts agree that one method, option-adjusted spread (OAS) analysis, is the most useful way to compare and value securities with options. Nearly every day the bond market figures out a new way to structure securities, most of which involve options.
This book explains OAS analysis in plain English, presenting each step in the method clearly and concisely. Topics covered include:
- Why yield-based analysis breaks down for nonbullet bonds
- How to model put and call provisions as embedded options
- How to distinguish the intrinsic and time components of option value
- How to model interest-rate volatility, future interest rates, and future bond prices
- How to calculate option-free price and yield
- How to estimate the "fair value" of a bond
- How to calculate implied spot and forward rates
Salespeople, traders, and investors will want to read this book and keep it on their desks.
EXTRA 10 % discount with code: EXTRA
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- Author: Tom Miller
- Publisher: Wiley-Bloomberg Press
- ISBN-10: 1576602419
- ISBN-13: 9781576602416
- Format: 14.8 x 21.5 x 2 cm, kieti viršeliai
- Language: English English
Top traders, investors, and analysts agree that one method, option-adjusted spread (OAS) analysis, is the most useful way to compare and value securities with options. Nearly every day the bond market figures out a new way to structure securities, most of which involve options.
This book explains OAS analysis in plain English, presenting each step in the method clearly and concisely. Topics covered include:
- Why yield-based analysis breaks down for nonbullet bonds
- How to model put and call provisions as embedded options
- How to distinguish the intrinsic and time components of option value
- How to model interest-rate volatility, future interest rates, and future bond prices
- How to calculate option-free price and yield
- How to estimate the "fair value" of a bond
- How to calculate implied spot and forward rates
Salespeople, traders, and investors will want to read this book and keep it on their desks.
Reviews