วันพุธที่ 24 ธันวาคม พ.ศ. 2551

Junk Bonds : High Yield Bonds Market Structure Valuation and Portfolio Strategies

High Yield Bonds Market Structure Valuation and Portfolio Strategies
Binding: Hardcover
Rating: 4.0
Review: 4
Studio: McGraw-Hill
HIGH-YIELD BONDS provides state-of-the-art research, strategies, and toolsNalongside the expert analysis of respected authorities including Edward Altman of New York UniversityOs Salomon Center, Lea Carty of MoodyOs Investor Service, Sam DeRosa-Farag of Donaldson, Lufkin & Jenrette, Martin Fridson of Merrill Lynch & Company, Stuart Gilson of Harvard University, Robert Kricheff of CS First Boston, and Frank Reilly of the University of Notre DameNto help you truly understand todayOs high-yield market. For added value and ease of reference, this high-level one-volume encyclopedia is divided into seven sections detailing virtually every aspect of high-yield bond investment. They include: Market structureNThe role of investment banks in security innovation and market development, evolution of analytical methodologies, and recent leveraged loan market developments; Security risk analysisNHistorical bond default rates, real interest rate and default rate relationships, and new simulation methodologies for modeling credit quality; Security valuationNImpact of seniority and security on bond pricing and return, important trading factors, and a Monte Carlo simulation methodology for valuing bonds and options in the context of correlated interest rate and credit risk; Market valuation modelsNEconometric studies which detail the importance of monetary influences, risk-free interest rates, default rates, mutual fund flows, and seasonal fluctuations; Portfolio managementNHistorical perspective and comparison to alternative investments, analysis of indices available to investors, and specific portfolio selection and risk management strategies of professional fund managers; Distressed security investingNHistorical risk and return information, plus an academic overview of the market and decision criteria for uncovering and investing in securities with higher-than-average risk-adjusted returns; Corporate finance considerationsNEmerging firmsO strategic choice between external debt and equity financing, as well as the choice of issuing public versus private (Rule-144a) securities. HIGH-YIELD BONDS provides extensive coverage of bond valuation and the construction and management of high-yield portfolios. Advanced Monte Carlo simulation models for the valuation of bonds and options on bonds as well as risk assessments on portfolios of bonds under conditions of correlated interest rate and credit risk are demonstrated. In todayOs explosive environment of multiple new issues and high risk versus return relationships, it is paramount that you get advice from analysts and experts who have been influential in shaping and defining the market. HIGH-YIELD BONDS will provide you with a valuable reference to this fascinating and constantly changing class of securities, helping you assemble a stable, diversified portfolio of fixed income investments that provides the greatest returns and the lowest risks.
Brand: barewalls
Manufacturer: McGraw-Hill
Price: $75.00 USD
Margin of Safety RiskAverse Value Investing Strategies for the Thoughtful Investor
Binding: Hardcover
Rating: 4.0
Review: 19
Studio: Harpercollins
don't buy this book unless you're a collector... : there are pdf copies floating on the internet. i feel justified to point this out because amazon doesn't sell it and it's out of print so you're hurting neither author nor publisher. the third-party prices are either marketing gimmicks, practical jokes, or idiocy. anyone who wants to learn should be able to learn, regardless of money. if you search around a little bit, you can find it. hint: start with a big ("biggest") collection of buffett material and move from there.
Brand: barewalls
Manufacturer: Harpercollins
Price: $27.50 USD
The Predators Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders
Binding: Paperback
Rating: 4.0
Review: 42
Studio: Penguin (Non-Classics)
During the '80s, Michael Milken at Drexel Burnham created the corporate raiders. He was the billionaire Junk Bond King. But, in the corner stood the U.S. District Attorney waiting to file criminal and racketeering charges.
Brand: barewalls
Manufacturer: Penguin (Non-Classics)
Price: $16.00 USD
Are Bonds As Safe As They Seem?
covered. Your portfolio should contain a mix of corporate, federal, municipal, and even junk bonds (there is always a default risk associated with junk bonds, but they pay a huge interest rate). Talk to your broker about diversifying the
Michael Milken Art Poster by TIME Magazine size 11 x 14
Studio: Design a Product LLC
Brand: BareWalls
Manufacturer: Design a Product LLC
How Did I Lose Money On My Bond Investments?
covered. Your portfolio should contain a mix of corporate, federal, municipal, and even junk bonds (there is always a default risk associated with junk bonds, but they pay a huge interest rate). Talk to your broker about diversifying the
Michael Milken Art Poster by TIME Magazine size 8 x 10
Studio: Design a Product LLC
Brand: BareWalls
Manufacturer: Design a Product LLC
A Primer on High-Yield Bonds
recommended title, written by an authority on distressed debt and bankruptcy, is: Bankruptcy, Credit Risk, and High Yield Junk Bonds by Edward I. Altman. Includes a dedicated section to High Yield "Junk Bonds and Distressed Securities, and
What Do You Know About Bonds?
a long term investment. When investing in corporate bonds, always read up on their current bond rating. A bond evaluation is a letter grade assigned to each bond to tell investors how high-risk it is. Don't deal with "junk" bonds.
The Dirty Little Secret About Bonds
covered. Your portfolio should contain a mix of corporate, federal, municipal, and even junk bonds (there is always a default risk associated with junk bonds, but they pay a huge interest rate). Talk to your broker about diversifying the

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