Review of Fixed Income and Interest Rate Derivative Analysis (Hardcover)

The book, though terse and short, is brilliant for a quick tour through the fixed income aspects of bonds, swaps and derivative instruments.

I would have liked more detail on FRNs and Swaps with some practical examplesof real FRNs with Interest swaps. An area which many books fail to address. Also the book should have put more emphasis on the mark-to-market of theseinstruments.

Overall, a good supplemental book.



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Review of Investment Science (Hardcover)

This textbook introduces the basics of asset pricing theory and portfolio optimization at a level suitable to advanced undergraduates. The mathematics seems to be just right for practitioners: nomartingales, no girsanov theorem, but a complete treatment of binomial lattices and a semi-quantitative introduction to diffusion processes and to stochastic calculus. Problems are very well chosen. The organization of the text is standard, except for the last two chapters, related to optimal growth portfolio and to real options. Final remark: the book is excellent forself-study. I learnt the subject from Prof. Luenberger himself, and he was repeating each single word from the book, saying (as a disclaimer) that "it's not me copying the book... it's the book that copies what I said. After all, I wrote it."Needless to say, the class was excellent.



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