Introduction to Option-Adjusted Spread Analysis, 3rd, Revised and Expanded Edition of the OAS Classic by Tom Windas (eBook, PDF)

Mitwirkender: Miller, Tom

• Format: PDF

Produktbeschreibung

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.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 176
• Erscheinungstermin: 1. Juni 2010
• Englisch
• ISBN-13: 9780470883136
• Artikelnr.: 38198456