High Yield Bonds: Market Structure, Valuation, And Portfolio Strategies,New

Highyield Bonds Provides Stateoftheart Research, Strategies, And Toolsalongside The Expert Analysis Of Respected Authorities Including Edward Altman Of New York Universitys Salomon Center, Lea Carty Of Moodys Investor Service, Sam Derosafarag Of Donaldson, Lufkin & Jenrette, Martin Fridson Of Merrill Lynch & Company, Stuart Gilson Of Harvard University, Robert Kricheff Of Cs First Boston, And Frank Reilly Of The University Of Notre Dameto Help You Truly Understand Todays Highyield Market. For Added Value And Ease Of Reference, This Highlevel Onevolume Encyclopedia Is Divided Into Seven Sections Detailing Virtually Every Aspect Of Highyield Bond Investment. They Include: Market Structurethe Role Of Investment Banks In Security Innovation And Market Development, Evolution Of Analytical Methodologies, And Recent Leveraged Loan Market Developments; Security Risk Analysishistorical Bond Default Rates, Real Interest Rate And Default Rate Relationships, And New Simulation Methodologies For Modeling Credit Quality; Security Valuationimpact Of Seniority And Security On Bond Pricing And Return, Important Trading Factors, And A Monte Carlo Simulation Methodology For Valuing Bonds And Options In The Context Of Correlated Interest Rate And Credit Risk; Market Valuation Modelseconometric Studies Which Detail The Importance Of Monetary Influences, Riskfree Interest Rates, Default Rates, Mutual Fund Flows, And Seasonal Fluctuations; Portfolio Managementhistorical Perspective And Comparison To Alternative Investments, Analysis Of Indices Available To Investors, And Specific Portfolio Selection And Risk Management Strategies Of Professional Fund Managers; Distressed Security Investinghistorical Risk And Return Information, Plus An Academic Overview Of The Market And Decision Criteria For Uncovering And Investing In Securities With Higherthanaverage Riskadjusted Returns; Corporate Finance Considerationsemerging Firms Strategic Choice Between External Debt And Equity Financing, As Well As The Choice Of Issuing Public Versus Private (Rule144A) Securities. Highyield Bonds Provides Extensive Coverage Of Bond Valuation And The Construction And Management Of Highyield Portfolios. Advanced Monte Carlo Simulation Models For The Valuation Of Bonds And Options On Bonds As Well As Risk Assessments On Portfolios Of Bonds Under Conditions Of Correlated Interest Rate And Credit Risk Are Demonstrated. In Todays Explosive Environment Of Multiple New Issues And High Risk Versus Return Relationships, It Is Paramount That You Get Advice From Analysts And Experts Who Have Been Influential In Shaping And Defining The Market. Highyield Bonds Will Provide You With A Valuable Reference To This Fascinating And Constantly Changing Class Of Securities, Helping You Assemble A Stable, Diversified Portfolio Of Fixed Income Investments That Provides The Greatest Returns And The Lowest Risks.