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Bonds A Step by Step Analysis with Excel (Chapter 1, Pricing and Return; Chapter 2, Bond Price Volatility: Duration and Convexity) by [Dumrauf, Guillermo L.]
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Bonds A Step by Step Analysis with Excel (Chapter 1, Pricing and Return; Chapter 2, Bond Price Volatility: Duration and Convexity) Kindle Edition


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Length: 83 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Language: English
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Product Description

Chapter One describes how to price a bond and calculate the different measures of return working with real bond examples and Excel spreadsheets. Beginning with hypothetical examples, we then work with a real bond, describing a step by step procedure to design the cash flow in a spreadsheet, compute the yield to maturity and other measures of return, according to the bond indenture. After reading this chapter, you will be able to:

1.Design the cash flow for a particular investment amount
2.Price a real bond and calculate its yield to maturity, using an Excel spreadsheet.
3.Calculate the total return for an investment horizon.
4.Perform a sensitivity analysis of price, yield and total return.

Chapter Two describes in detail two measurements to estimate the volatility of a bond price: duration and convexity. After reading this chapter you will be able to:

1.Understand clearly the price-yield relationship of an option-free bond.
2.Calculate the duration, modified duration and convexity for real bonds using Excel spreadsheets.
3.Understand why duration is a measure of a bond´s price sensitivity to yield changes.
4.Understand the limitations of using duration as a measure of price volatility and how the duration estimation can be adjusted for a bond´s convexity.

Product details

  • Format: Kindle Edition
  • File Size: 1460 KB
  • Print Length: 83 pages
  • Publisher: Guillermo L. Dumrauf; 1 edition (30 November 2013)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B008D4PRIU
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Enabled
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #1,029,543 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Amazon.com: 5.0 out of 5 stars 4 reviews
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5.0 out of 5 starsBonds...Never been so Easy
7 July 2012 - Published on Amazon.com
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5.0 out of 5 starsthe best I have seen for bond
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Mister B.
5.0 out of 5 starsVery easy to understand
31 January 2013 - Published on Amazon.com
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5.0 out of 5 starsFive Stars
20 December 2015 - Published on Amazon.com