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Multiple interest rate analysis : = theory and applications /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Multiple interest rate analysis :/ by Michael J. Osborne.
Reminder of title:	theory and applications /
Author:	Osborne, Michael J.,
Description:	1 online resource.
Subject:	Interest rates. -
Online resource:	http://www.palgraveconnect.com/doifinder/10.1057/9781137372772
ISBN:	113737277X (electronic bk.)

Multiple interest rate analysis : = theory and applications /
Osborne, Michael J.,

Multiple interest rate analysis :theory and applications /by Michael J. Osborne. - 1 online resource.

1. Multiple Interest Rate Analysis: What it is and Why it is Important -- 2. Motivation -- 3. Four Key Results of Multiple Interest Rate Analysis -- 4. Is APR a Robust Measure of the Cost of Consumer Credit? -- 5. Multiple Interest Rate Analysis Demonstrates Why the IRR Pitfalls are Irrelevant and Provides a Better Reason to Prefer NPV as an Investment Criterion -- 6. An Accurate Formula is Derived for the Impact of a Shift in Yield on the Price of a Bond -- 7. Multiple Interest Rate Analysis Sheds Light on the Reswitching Phenomenon -- 8. A Summing Up.

Although mathematicians have known about complex numbers as solutions to equations since the seventeenth century, the numbers had few applications until the twentieth century. Today, their applications include mobile phones, satellite navigation, imaging techniques (MRI, PET), and circuit design in computers. Until recently, however, there were few applications of complex numbers to finance. This situation has changed. "Multiple Interest Rate Analysis" is the study of all interest rates solving the time value of money equation - not only the orthodox rates of conventional economics, but also the unorthodox rates that are complex-valued. The unorthodox rates are employed to convert conventional financial equations containing a single interest rate into 'dual' expressions containing every rate. These dual expressions solve long-standing puzzles and lead to revised conclusions about best practice and sound policy advice in various areas of financial economics, including loan finance, investment appraisal, bond risk management, and capital theory.

ISBN: 113737277X (electronic bk.)

Source: 706440Palgrave Macmillanhttp://www.palgraveconnect.comSubjects--Topical Terms:

572994
Interest rates.
Index Terms--Genre/Form:

554714
Electronic books.

LC Class. No.: HG1621

Dewey Class. No.: 332.8

Multiple interest rate analysis : = theory and applications /
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003 OCoLC
005 20140910115752.0
006 m o d
007 cr cnu---unuuu
008 150519s2014 enka o 000 0 eng d
020 $a 113737277X (electronic bk.)
020 $a 9781137372772 (electronic bk.)
035 $a (OCoLC)865470221
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037 $a 706440 $b Palgrave Macmillan $n http://www.palgraveconnect.com
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100 1 $a Osborne, Michael J., $e author. $3 1006298
245 1 0 $a Multiple interest rate analysis : $b theory and applications / $c by Michael J. Osborne.
264 1 $a Basingstoke : $b Palgrave Pivot, $c 2014.
300 $a 1 online resource.
336 $a text $b txt $2 rdacontent
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505 0 $a 1. Multiple Interest Rate Analysis: What it is and Why it is Important -- 2. Motivation -- 3. Four Key Results of Multiple Interest Rate Analysis -- 4. Is APR a Robust Measure of the Cost of Consumer Credit? -- 5. Multiple Interest Rate Analysis Demonstrates Why the IRR Pitfalls are Irrelevant and Provides a Better Reason to Prefer NPV as an Investment Criterion -- 6. An Accurate Formula is Derived for the Impact of a Shift in Yield on the Price of a Bond -- 7. Multiple Interest Rate Analysis Sheds Light on the Reswitching Phenomenon -- 8. A Summing Up.
520 $a Although mathematicians have known about complex numbers as solutions to equations since the seventeenth century, the numbers had few applications until the twentieth century. Today, their applications include mobile phones, satellite navigation, imaging techniques (MRI, PET), and circuit design in computers. Until recently, however, there were few applications of complex numbers to finance. This situation has changed. "Multiple Interest Rate Analysis" is the study of all interest rates solving the time value of money equation - not only the orthodox rates of conventional economics, but also the unorthodox rates that are complex-valued. The unorthodox rates are employed to convert conventional financial equations containing a single interest rate into 'dual' expressions containing every rate. These dual expressions solve long-standing puzzles and lead to revised conclusions about best practice and sound policy advice in various areas of financial economics, including loan finance, investment appraisal, bond risk management, and capital theory.
588 $a Description based on print version record.
650 0 $a Interest rates. $3 572994
655 7 $a Electronic books. $2 local $3 554714
710 2 $a Palgrave Connect (Online service) $3 834339
856 4 0 $3 Palgrave Connect $u http://www.palgraveconnect.com/doifinder/10.1057/9781137372772