{"product_id":"valuation-of-interest-rate-swaps-and-swaptions-isbn-9781883249892","title":"Valuation of Interest Rate Swaps and Swaptions","description":"Among the major innovations in the financial markets have been interest rate swaps and swapations, instruments which entail having an arrangement to barter differently structured payment flows for a particular period of time. These instruments have furnished portfolio and risk managers and corporate treasurers with a better tool for controlling interest rate risk. Valuation of Interest Rate Swaps and Swapations explains how interest rate swaps are valued and the factors that affect their value-an ideal way to manage interest or income payments. Various valuations approaches and models are covered, with special end-of-chapter questions and solutions included. About the Authors.\u003cbr\u003e \u003cbr\u003e Introduction.\u003cbr\u003e \u003cbr\u003e Calculating Swap Payments.\u003cbr\u003e \u003cbr\u003e Computing the Present Value of Swap Payments and Determining theSwap Fixed Rate.\u003cbr\u003e \u003cbr\u003e Traditional Approach to the Valuation of a Plain VanillaSwap.\u003cbr\u003e \u003cbr\u003e Lattice Approach to Valuation.\u003cbr\u003e \u003cbr\u003e Swap Valuation Using the Lattice Approach.\u003cbr\u003e \u003cbr\u003e Valuation of Forward Start Swaps.\u003cbr\u003e \u003cbr\u003e Valuing a Swaption.\u003cbr\u003e \u003cbr\u003e Factos that Affect the Value of a Swaption.\u003cbr\u003e \u003cbr\u003e Valuing Non-LIBOR Based Swaps and Basis Swaps.\u003cbr\u003e \u003cbr\u003e Controlling Interest Rate Risk with Swaps.\u003cbr\u003e \u003cbr\u003e Appendix A: Theoretical Spot and Forward Rates.\u003cbr\u003e \u003cbr\u003e Appendix B: Binomial Interest Rate Model.\u003cbr\u003e \u003cbr\u003e Appendix C: Valuation of Swaps Using the Trinomial Approach.\u003cbr\u003e \u003cbr\u003e Index. \"Frank Fabozzi's series is the gold standard for investmentreference books. Always topical and often influential this is thefirst place I send students or practitioners when they want to getup to speed on a new area.\" (Stephen A. Ross, Franco ModiglianiProfessor of Finance and Economics, Sloan School, MIT)\u003cbr\u003e \u003cbr\u003e \"The Fabozzi series provides the ultimate educationalencyclopedia for the global debt capital markets. Each day,billions of dollars of debt securities trade around the worldaccording to the principles clearly and comprehensively explainedin this unrivaled series dedicated to the advancement of ourknowledge-based profession.\" (Jack Malvey, Managing Director, ChiefGlobal Fixed-Income Strategist, Lehman Brothers)\u003cbr\u003e \u003cbr\u003e \"When in doubt, you can always look it up in a book by FrankFabozzi. Fabozzi, who's not called the Prolific Professor fornothing, has written or edited dozens of textbooks oninvesting--all rock-solid, for advanced investors only.\" (JasonZwieg, Money.com) Frank J. Fabozzi, PhD, is editor of the Journal of Portfolio Management, which is read by thousands of institutional investors. An Adjunct Professor of Finance at Yale University's School of Management, he is a chartered Financial Analyst and a Certified Public Accountant. Editor or author of over 100 books, his world-class finance books are used around the world by professionals, academics, students, strategists, and investors in college courses, executive training programs, company training programs, and prepatory courses for the chartered financial analyst (CFA) exam. He serves on the board of directors of the BlackRock complex of funds and the Guardian Life family of funds and is also a Fellow of the International Center for Finance at Yale University. Dr. Fabozzi earned his doctorate in economics from the City University of New York in 1972 and in 1994 received an honorary doctorate of Humane Letters from Nova Sotheastern University.  Among the major innovations in the financial markets have been interest rate swaps and swapations, instruments which entail having an arrangement to barter differently structured payment flows for a particular period of time. These instruments have furnished portfolio and risk managers and corporate treasurers with a better tool for controlling interest rate risk. \u003ci\u003eValuation of Interest Rate Swaps and Swapations\u003c\/i\u003e explains how interest rate swaps are valued and the factors that affect their value–an ideal way to manage interest or income payments. Various valuations approaches and models are covered, with special end-of-chapter questions and solutions included.  \"Frank Fabozzi's series is the gold standard for investment reference books. Always topical and often influential this is the first place I send students or practitioners when they want to get up to speed on a new area.\" (Stephen A. Ross, Franco Modigliani Professor of Finance and Economics, Sloan School, MIT)  \u003cp\u003e\"The Fabozzi series provides the ultimate educational encyclopedia for the global debt capital markets. Each day, billions of dollars of debt securities trade around the world according to the principles clearly and comprehensively explained in this unrivaled series dedicated to the advancement of our knowledge-based profession.\" (Jack Malvey, Managing Director, Chief Global Fixed-Income Strategist, Lehman Brothers)\u003c\/p\u003e \u003cp\u003e \"When in doubt, you can always look it up in a book by Frank Fabozzi. Fabozzi, who's not called the Prolific Professor for nothing, has written or edited dozens of textbooks on investing--all rock-solid, for advanced investors only.\" (Jason Zwieg, Money.com)\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990444261605,"sku":"NP9781883249892","price":95.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781883249892.jpg?v=1761787854","url":"https:\/\/k12savings.com\/es\/products\/valuation-of-interest-rate-swaps-and-swaptions-isbn-9781883249892","provider":"K12savings","version":"1.0","type":"link"}