Inside the Yield Book
Explains the essential mathematical relationships basic to an understanding of bonds, annuities, loans – indeed any securities or investments that involve compound interest and the determination of present value for future cash flows.
First published in 1972, Inside the Yield Book remains a standard primer and reference among financial market professionals. Generations of practitioners, investors, and students have relied on its lucid explanations, and readers needing to delve more deeply have found its explications of key mathematical relationships to be unmatched in clarity and ease of application.
This edition updates the widely respected classic with new material by the author and includes 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 or investments that involve compound interest and the determination of present value for future cash flows. This authoritative work, now significantly expanded, is more instructive, important, and useful than ever for mastering crucial concepts of time, value, and return, and for better comprehending their role within the world of investments in particular, and finance in general.
BOOK DETAILS :Hardback, 288 Pages, Dimensions 234 x 156 MM Language English.
Foreword by Henry Kaufman
Preface to the 2004 Edition: A Historical Perspective
Acknowledgments
Some Topics That Didn't Make It into the 1972 Edition
Technical Appendix to "Some Topics"
References
Inside the Yield Book (Original Edition)
Preface to the 1972 Edition
Contents of the 1972 Edition
List of Tables
Sidney Homer, who died in 1983, was the founder and general partner in charge of Salomon Brothers' bond market research department. Best known for his pioneering and analytical studies of bond market history and relative values and the economic forces which create bond market trends, he is the author of several books including A History of Interest Rates, The Bond Buyer’s Primer, and The Price of Money.
Martin L. Leibowitz is a managing director in the research department at Morgan Stanley. For the prior nine years, he was with TIAA-CREF, the world's largest pension fund, where as chief investment officer he oversaw $300 billion in assets. Dr. Leibowitz is the author of five books and numerous articles, and winner of multiple Financial Analysts Journal Graham and Dodd Awards for his work analyzing equities and fixed-income investments.