<p><b>The standard reference for fixed income portfolio managers</b></p> <p>Despite their conservative nature, fixed income instruments are among the investment industry's most complex and potentially risky investments. <i>Fixed Income Mathematics</i> 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.</p> <p>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.</p>