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Fixed Income Mathematics is an easytounderstand introduction to the mathematics of common fixed income instruments. This book offers explanations, exercises, and examples without demanding sophisticated mathematics from the reader. Not only does the author use his business and teaching experience to highlight the fundamentals of investment and management decisionmaking, but he also offers questions and exercises that suggest the applicability of fixed income mathematics.Written for the reader with a general mathematics background, this selfteaching book is suffused with examples that also make it a handy reference guide. It should serve as a gateway to financial mathematics and to increased competence in business analysis. International comparisons are used to illustrate how interest is compounded.This text will be a valuable resource for professional insurance and other actuarials who invest in bonds and who are concerned with inflation, assetliability management, the time value of money, interest rates, rates of return, risk, and investment income. It will also appeal to MBA students and anyone seeking a general introduction or overview of the subject. * An easytounderstand introduction to the mathematics of common fixed income instruments * Offers students explanations, exercises, and examples without demanding sophisticated mathematics * Uses international comparisons to illustrate how interest is compounded
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