The development of duration analysis has proceeded at a very rapid pace over the last
quarter century years. Its usefulness as a measure of interest rate risk and in the construction …

A number of recent papers have shown that it is possible for an investor to immunize a
portfolio of default and option-free coupon bonds so that the return realized over a given …

The payback period has been a widely used capital budgeting tool in the analysis of capital
projects. It has come under criticism for its inablility to consider all the project's flows in a …

Ais meln Interesse filr das Zinsrisikomanagement geweckt wurde, war kaum abzusehen,
wieviel Aufmerksamkeit und Bedeutung diesem Forschungsgebiet in den folgenden Jahren …

The implementation of more general immunization strategies based on multiple unexpected
changes in interest rates with different effects across maturities will require that the investor …

The difficulty with mortgage insurance is that claims may result, not merely from the day to
day risks associated with foreclosures caused by illness, death, marital or job problems, but …

A number of recent papers have shown that it is possible for an investor to immunize a
portfolio of default and option-free coupon bonds so that the return realized over a given …